switzerland's economic impact in the united states

Switzerland's Economic Impact in the United States

www.swissemb.org

Creating Jobs and Supporting the U.S. Economy

Cover photograph© FDFAWindows of a Minergie® building – St. Gallen, SwitzerlandThe building was designed by renowned Swiss architect duo Herzog and de Meuron and houses offices of an insurance group as well as the University of St. Gallen. The building illustrates Swiss innovation not only in design but also in sustainability, whilst bringing together successful business with high-level education.

TABLE OF CONTENTS

Ambassador’s Foreword 4Executive Summary 5I. Swiss Direct Investment 6II. Impact of Swiss Affiliates 8III. U.S. Trade with Switzerland 16IV. U.S. Services Sales through Affiliates in Switzerland 17Swiss Economic Impact in the United States 18Swiss Economic Impact in Individual States 19Appendix 70Methodology 72Swiss Business Hub USA 74

AMBASSADOR’S FOREWORD

In 2019, the United States, and with it the whole world, celebrated the 50th anniversary of the first moon landing. A little-known fact about this historic achievement is that the first “flag” on the moon was actually the flag-like Solar Wind Composition Experiment, an aluminum sail designed by the University of Bern in Switzerland and put in the soil by the astronauts immediately after landing. Half a century later, I have to grudg-ingly acknowledge that if the first “flag” on the moon was Swiss, it was American technology and ingenuity that brought it there. All joking aside—today, as in 1969, we realize that the cooperation between the United States and Switzerland is much more than the sum of its parts.

The success story of U.S.-Swiss relations is a prime example of successful, mutually beneficial bilateral cooperation, and dates back to the origins of modern statehood. In 1848, the U.S. Constitution served as an inspiration for the establishment of the modern Swiss Confederation, reinforcing the idea of the two countries as “sister republics.” The many Swiss immigrants who settled in the United States also greatly contributed to the history of our relations. This common history and our shared values—including democracy, the free market economy, innovation and entrepreneurship—pro-vided a firm basis for our relations to flourish. More than 200 years after the founding of the United States, the nature of our cooperation and friend-ship spans from economics and politics to sports to culture and science. Ever since the United States was founded, Switzerland has always been a trusted and trustworthy partner.

This document contains many impressive figures! Switzerland’s comparatively small size would make it only the 42nd largest U.S. state, and yet Switzerland is the United States’ 7th largest foreign investor. With a population of only 8 million, cumulative Swiss direct investment has amounted to over $309 billion, rivaling or surpassing most other

major European economies. Both the United States and Switzerland consistently top the rankings as some of the most innovative and competitive economies in the world and once again this year, Switzerland is the number one foreign investor in research and development (R&D) in the United States. An increasing number of Swiss companies have established or expanded U.S.-based appren-ticeship programs and are actively contributing to workforce development.

On the whole, these are excellent conditions under which to start my tenure in Washington, D.C. Of course I do not intend to sit back, relax and enjoy this economic success story. There is still untapped potential for further strengthening our ties. Continuing to expand the economic relationship between our two countries could lead to even more promising business opportunities. We can build on the very active political dialogue that has taken place recently between Switzerland and the United States, and which culminated in the first bilateral visit of a president of the Swiss Confederation to the White House. In exploratory talks, both governments have also recognized the potential benefits of concluding a free trade agreement. Such an agreement would promote additional Swiss investment, job creation and workforce development in the United States. It would also open up opportunities for the United States in the high-quality, high-value Swiss market. A free trade agreement would deepen our bilateral trade ties and strengthen innovation and global competitiveness for both countries.

Let’s take this successful cooperation between our two economic powerhouses to the next level. If we went to the moon together 50 years ago, today we can reach for the stars.

Jacques PitteloudAmbassador of Switzerland to the United States of America

4

EXECUTIVE SUMMARY

Swiss firms strengthen the American economy and represent a substantial economic presence in the United States. Large Swiss firms, with well-known names such as ABB, Credit Suisse, Nestlé, and Novartis, along with many smaller companies, contribute substantially to the economic well-being of the United States, supporting hundreds of thou-sands of American jobs. Switzerland is also a major destination for exports of goods and services, which generate billions of dollars in sales every year.

Switzerland is one of the largest foreign investors in America. As of the end of 2018, Switzerland had invested $310 billion cumulatively in the United States and ranked as the United States’ seventh-largest foreign direct investor. Swiss investment rivals that of other large foreign investors with much larger econo-mies and populations, including France and Ireland. In fact, the United States is the largest recipient of Swiss outward investment.

Swiss companies are active investors in the manu-facturing, wholesale, retail, and service sector of the American economy. Swiss affiliates are especially powerful contributors in pharmaceuticals and medi-cine, and in food manufacturing. To bolster their U.S. investments, in 2016, the latest year of available data from the U.S. government, Swiss firms spent nearly $11 billion on R&D activities in the United States, ranked first among all foreign investing countries, and supported 21,600 R&D-related jobs in the United States.

In 2016, Swiss affiliates supported 471,000 American jobs nationwide at an average of salary of just over $100,000. Swiss firms placed first in annual salaries paid to U.S. workers by foreign firms among large investing countries. Swiss firms accounted for more than 193,000 American manu-facturing jobs, composing eight percent of all foreign-affiliated manufacturing jobs in 2016.

Swiss firms sustain American jobs in every state. Swiss affiliate employment was highest in California, New York, Texas, New Jersey, and Illinois in 2016. New jobs were added in 32 states between 2011 and 2016, with the largest gains in California, Minnesota, Ohio, Tennessee, and New Hampshire. More than 500 Swiss companies have operations in the United States. Many have multiple affiliates in numerous states, accounting for a total of nearly 3,800 affiliates.

Trade is also an integral part of the business relation-ship between the United States and Switzerland. Swiss firms shipped about $17 billion in goods from their U.S. operations in 2016, amounting to five percent of all foreign-affiliated merchandise exports from the United States to the world. In 2018, U.S. merchandise exports to Switzerland totaled $22 billion, making the country one of the top 20 export markets worldwide for the United States. American firms ship a variety of goods to Switzerland, ranging from primary metals and chemicals to electronics and transportation equipment. More than 70,000 American jobs were supported by goods shipped from the United States to Switzerland.

While the United States imports more goods from Switzerland than it exports, overall bilateral trade is much more balanced when trade in services is taken into account as the United States enjoys a services trade surplus with Switzerland. At $39 billion in 2018, the United States sold more services to Switzerland than manufactured goods. Representing five percent of U.S. services exports worldwide in 2018, Switzerland was the sixth-largest market for U.S. services, ahead of Germany and Mexico. Exports of services from the United States to Switzerland supported nearly 200,000 American jobs in 2017.

Swiss Investment Strengthens the U.S. Economy • $310 billion in

cumulative invest-ment, 7th

• 471,000 Swiss-affiliated jobs, 7th

• Jobs in all 50 states• $10.6 billion in

R&D spending, 1st• $101,800 average

salary, 1st (among large investing countries)

• 93,300 manufactur-ing jobs, 6th

• 21,600 R&D jobs, 4th• $17 billion in Swiss-

affiliated goods exports, 6th

• $6 billion in U.S. income taxes, 6th

U.S. Trade with Switzerland Bolsters the U.S. Economy • $22.2 billion in U.S.

goods exports, 18th• 72,745 U.S. jobs

supported by goods exports

• $37.3 billion in U.S. services exports, 6th

• 198,595 U.S. jobs supported by services exports

• $75 billion in ser-vices sold through U.S. affiliates in Switzerland, 5th

U.S. Trade with Switzerland in 2018

Services

Goods

U.S. Imports fromSwitzerland

U.S. Exports toSwitzerland

$22 B

$39 B

$41 B

$22 B

Affiliate Employment by Country

98,000

471,000

U.S. Affiliate Jobs in Switzerland (2017)

Swiss Affiliate Jobs in the United States (2016)

5

I. SWISS DIRECT INVESTMENT

Africa0.9%

Oceania1.3%

Germany4.0%

France4.2%

Canada3.2%

UnitedKingdom

4.4%

Luxembourg12.1%

United States20.6%

Luxembourg14.0%

Netherlands11.5%

Ireland5.7%

Rest of Europe10.7%

Central &South America

9.8%

Asia9.7%

Swiss Direct Investment Abroad by Country through 2017

United States Is Top Destination for Swiss Direct Investment Abroad

The United States is by far the most important destination for Swiss foreign direct investment (FDI). By the end of 2017, more than one-fifth of total outward Swiss invest-ment stock was in the United States. This is about as much as in Ireland, the United Kingdom, France, and Germany, and more than all Swiss investment in Central and South America combined with Asia. The second most important destination for outward Swiss investment is Luxembourg, followed by the Netherlands.

At 55 percent, Europe is the largest regional recipient of Swiss direct investment. Less than one percent of cumu-lative Swiss foreign direct investment is in Africa.

Finance & HoldingCompanies

39%

OtherServices

28%

OtherManufacturing

20%

Chemicals & PlasticsManufacturing

13%

Swiss Direct Investment Abroad by Industry through 2017

Finance and Holding Companies Sector Makes Up Largest Share of Swiss Direct Investment Abroad

Finance and holding companies is the most important sector for Swiss direct investments abroad, making up nearly two-fifths of total Swiss investment overseas. Investment by other services companies made up an additional 28 percent of Swiss investment, with large investments in trade, insurance, and banks.

Chemicals and plastics is the largest manufacturing sector at 13 percent, followed by other manufacturing and con-struction (10 percent), and electronics, energy, optical, and watchmaking (6 percent).

66

7. United Kingdom

6. Japan

3. Luxembourg

4. Germany

5. Switzerland

2. Netherlands

1. Canada266%

102%

59%

129%

52%

38%

10%

41%

Growth in Cumulative Foreign Direct Investment in the United States by Country, 2013–2018

I. SWISS DIRECT INVESTMENT

Swiss Cumulative FDIUS Grows by 41 Percent over Five Years

Of the seven largest countries by cumulative foreign direct investment in the United States, Swiss investments rose by more than 40 percent between 2013 and 2018, posting the fifth-fastest rate of growth. Investments from Canada grew the fastest, more than doubling during the same period, followed by the Netherlands, which also more than doubled its investments in the United States. Growth of direct invest-ment from Luxembourg and Germany both exceeded 50 percent. Swiss investment growth also outpaced investments from Japan at 38 percent, and the United Kingdom at only 10 percent between 2013 and 2018.

All Other Countries$1.3 T

7. Switzerland$310 B

2. Canada$524 B

1. UnitedKingdom$561 B

2. Canada$511 B

3. Japan$484 B

4. Nether-lands

$479 B

5. Luxembourg$356 B

6. Germany$324 B

Cumulative Foreign Direct Investment in the United States by Country through 2018

Swiss Cumulative Direct Investment Reaches $310 Billion

Swiss companies have a long history of investing in the large and diversified U.S. economy, which offers domestic and foreign firms extraordinary business opportunities. States and localities nationwide aggressively vie for invest-ment from Swiss firms, which bring skilled, and often highly paid, jobs to their communities.

Switzerland is the seventh-largest foreign direct investor in the United States with $310 billion in cumulative invest-ments by year-end 2018. Switzerland accounted for seven percent of the $4.3 trillion in foreign direct investment in the United States (FDIUS). At the end of 2018, Switzerland and six other countries made up 70 percent of all foreign direct investment in the United States.

77

Swiss Affiliates Increase Jobs by 14 Percent Over Decade

Between 2006 and 2016, Swiss firms added more than 55,000 new jobs in the United States, posting a growth rate of 14 percent.

Of the seven largest foreign direct investors in the United States, employment at Swiss affiliates grew the fifth-fast-est, outpacing the Netherlands at 11 percent and Germany, whose employment rate contracted by two percent. Employment growth rates from Canadian, French, British, and Japanese affiliates, compared with 10 years earlier, increased more quickly by 2016.

7. Germany

6. Netherlands

5. Switzerland

4. Japan

3. United Kingdom

2. France

1. Canada 33%

46%

40%

36%

14%

11%

-2%

46%

Large Investing Countries by Employment Growth Rates at U.S. Affiliates, 2006–2016

Swiss Affiliates Support More than 470,000 American Jobs

Swiss affiliates create hundreds of thousands of American jobs. In 2016, Swiss investments supported 471,000 jobs across the United States, representing seven percent of the 7.1 million jobs sustained by all foreign affiliates. Switzerland ranked behind four European countries, Japan, and Canada.

Switzerland, along with six other leading countries by this measure, accounted for nearly three-quarters of all insourced jobs.

All Other Countries1,943,500

7. Switzerland471,000

6. Netherlands475,200

5. Canada679,400

4. Germany692,200

3. France728,500

2. Japan860,600

1. United Kingdom1,237,500

Top Countries in Employment Supported by U.S. Affiliates of Foreign Companies, 2016

II. IMPACT OF SWISS AFFILIATES

88

Swiss Economic Impact on Employment in the United States Total Jobs Supported by State

ALABAMA4,975

MISSISSIPPI3,191

GEORGIA20,282

FLORIDA 37,296

S. CAROLINA10,027

N. CAROLINA25,072

VIRGINIA16,716

WESTVIRGINIA

2,545

PENNSYLVANIA29,470

MAINE3,384

NEWYORK

79,856

KENTUCKY8,885

TENNESSEE11,573ARKANSAS

6,358

MISSOURI13,358

OHIO28,954INDIANA

13,248ILLINOIS32,055

MICHIGAN16,341

WISCONSIN12,703

MINNESOTA11,941

IOWA5,168

TEXAS51,610

HAWAII1,739

ALASKA923

OKLAHOMA5,649

NORTH DAKOTA871

SOUTH DAKOTA1,201

MONTANA935

WYOMING621

NEBRASKA3,430

IDAHO1,774

WASHINGTON9,984

OREGON8,790

CALIFORNIA101,912

NEVADA12,233

NEW MEXICO2,167

ARIZONA13,441

COLORADO10,207

UTAH6,249

KANSAS8,884

NEW HAMPSHIRE 5,183

VERMONT 1,467

MASSACHUSETTS 21,866RHODE ISLAND 1,539

CONNECTICUT 11,083

NEW JERSEY 37,909

DELAWARE 2,033

DISTRICT OF COLUMBIA 2,631MARYLAND 11,459

LOUISIANA6,424

JOBS < 2,500 2,500 - 9,999 10,000 - 24,999 > 25,000


Swiss Investment and Trade Sustain Nearly Three-Quarters Million U.S. Jobs

Swiss businesses contribute to U.S. employment in three pri-mary ways: jobs at U.S. affiliates of Swiss companies; jobs supported by U.S. exports of services to Switzerland; and jobs tied to U.S. exports of goods to Switzerland. According to the latest data, a combined 742,340 American jobs were supported by the strong bilateral trade and investment relationship between the United States and Switzerland.

Swiss affiliates accounted for 471,000 of these jobs, followed by at least 198,595 American jobs from services exports to Switzerland, and 72,745 U.S. jobs supported by goods exports.

More Than 100,000 California Jobs from Swiss Trade and Investment

Every state in the nation benefits thanks to Swiss trade and investment. In California alone, jobs supported by Swiss firms totaled nearly 102,000. Several other large states benefit from Swiss trade and investment, supporting tens of thousands of jobs in states such as New York, Texas, New Jersey, and Florida. Smaller states also gain from Swiss investment, which bolsters more than a thousand jobs in states such as South Dakota, Vermont, and Rhode Island.

99


Swiss Affiliates Add More Than 7,500 New Jobs in California Over Five Years

Swiss affiliates continue to add new jobs across the United States, in many instances by the thousands. Between 2011 and 2016, Swiss affiliates added 7,600 new jobs in California, the most in any state. Swiss firms’ employment increased by more than 2,000 jobs in Minnesota, Ohio, and Tennessee during the same time period. New Hampshire, Arizona, Oregon, and Virginia all received at least 1,500 new jobs from Swiss investors between 2011 and 2016, Washington and Illinois also ranked among the top 10 states by this measure.

10. Illinois

9. Washington

8. Virginia

7. Oregon

6. Arizona

5. New Hampshire

4. Tennessee

3. Ohio

2. Minnesota

1. California +7,600

+2,700

+2,600

+2,400

+1,800

+1,700

+1,500

+1,500

+1,300

+1,200

Top States by Swiss Affiliate Job Creation 2011–2016

Average Salary at Swiss Affiliates Tops $100,000

American workers at Swiss firms earned an average sal-ary (wages + benefits) of $101,800 in 2016, some $38,000 more than the nation's average private sector salary of $64,300. In 2016, Swiss affiliates had a total payroll of $48 billion.

Among the seven largest countries by affiliate employment in the United States, Swiss firms paid the highest average salary, surpassing firms from Germany, Japan, the United Kingdom, and the Netherlands.

5.Nether-lands

4.United

Kingdom

3.Japan

2.Germany

1.Switzer-

land

$101,800$94,200

$89,000

$77,100$73,800

Top Countries in Average Salaries by Foreign Affiliates in the United States, 2016

1010

Swiss Affiliates Rank Sixth in Manufacturing Employment

Swiss investments boost American manufacturing employment. Swiss firms supported 193,300 manufactur-ing jobs in the United States in 2016, accounting for eight percent of the 2.5 million U.S. manufacturing jobs sup-ported by investments from all foreign firms. Ranked sixth, Swiss affiliates employed fewer American manufacturing workers than firms from Japan, Germany, the United Kingdom, France, and Canada. However, Swiss firms employed more U.S. manufacturing workers than affiliates from several other countries, including the Netherlands and Ireland.

7.Nether-lands

6.Switzer-

land

5.Canada

4.France

3.United

Kingdom

2.Germany

1.Japan

397,000

287,800275,600

213,300193,300194,300

159,400

Top Countries in Manufacturing Employment Supported by Foreign Affiliates, 2016


Food Is Top Manufacturing Sector by Swiss Affiliate Employment

Swiss affiliates play a sizable role in several manufacturing sectors, supporting tens of thousands of well-paying American factory jobs. Food, chemicals, and computers and electronics represented more than 70 percent of all jobs from Swiss investment in U.S. manufacturing in 2016.

Swiss investment in U.S. food manufacturing supported nearly 60,000 American jobs in 2016. Chemicals manufac-turing, including pharmaceuticals and medicines, was the second-largest sector at 56,300 jobs. Plus, Swiss affiliates accounted for 22,000 jobs in computers and electronic products, which includes semiconductor manufacturing. Swiss firms also provided 16,500 jobs in electrical equip-ment, appliances, and components manufacturing.

All Others25,700

Machinery12,900

Electrical Equipment,Appliances,

& Components16,500

Computers &Electronic Products

22,000

Food59,900

Chemicals56,300

U.S. Manufacturing Jobs Supported by Swiss Affiliates, 2016

1111

Swiss Affiliates Employ more than a Quarter Million Americans in Services Jobs

Swiss services firms provide significant employment in the United States, representing, at 266,700, more than half of all Swiss affiliate employment in 2016. Switzerland ranked seventh in affiliate employment in the services sector in 2016. The largest services sector for Swiss affiliates was administration, support, and waste management, which supported more than 100,000 jobs in 2016. The second-largest services sector was finance and insurance.

7.Switzer-

land

6.Nether-lands

5.Germany

4.Japan

3.Canada

460,300 455,300

403,500

299,300266,700

Top Countries in Services Employment Supported by Foreign Affiliates 2016


Swiss Affiliates Rank Third in Finance and Insurance Employment

Swiss affiliates invest heavily in the U.S. finance and insur-ance sector. In 2016, Swiss finance and insurance firms in the United States employed almost 59,000 U.S. workers, trailing only Canada and the United Kingdom.

The top five countries by this indicator constituted nearly 70 percent of all insourced finance and insurance jobs.

5.France

4.Japan

3.Switzer-

land

2.United

Kingdom

1.Canada

81,100

66,600

58,900

48,400

35,400

Top Countries in Finance & Insurance Employment Supported by Foreign Affiliates, 2016

1212

Swiss Affiliates Outspend All Other Countries in Research and Development

Swiss firms contribute substantially to the U.S. R&D base. In 2016, Swiss affiliates accounted for nearly one-fifth of all R&D spending from all foreign affiliates. Ranked first, Swiss firms spent more on R&D in the United States than affiliates from the United Kingdom, Japan, Germany, France, the Netherlands, and Ireland. These seven coun-tries made up 83 percent of all R&D spending by foreign affiliates in 2016.

All Others$10.4 B

7. Ireland$3.7 B

6. Netherlands$5.2 B

5. France$5.6 B

4. Germany$7.8 B

3. Japan$8.0 B

2. UnitedKingdom$8.9 B

1. Switzerland$10.6 B

Top Countries in R&D Performed by Foreign Affiliates, 2016


Swiss Affiliates Fourth in R&D Jobs

Research and development activities of Swiss affiliates yield thousands of U.S. jobs. In 2016, Swiss affiliates employed 21,600 R&D workers in the United States, after German, British, and Japanese firms. They also supported more U.S. R&D workers than Dutch, Irish, and French affiliates.

Swiss investments in pharmaceuticals and medicines gen-erated the greatest number of R&D-supported jobs for Americans, employing more than 10,000 workers, the most of any country’s affiliates in the United States in 2016.

7.France

6.Ireland

5.Nether-lands

4.Switzer-

land

3.Japan

2.United

Kingdom

1.Germany

27,500

24,200

21,600

17,20015,900

27,600

15,700

Top Countries in R&D Employment Supported by Foreign Affiliates, 2016

1313

Swiss Affiliates Export $17 Billion in Goods

Swiss affiliates bolster U.S. exports. In 2016, exports of U.S. goods from Swiss firms added up to $17 billion, representing five percent of the $370 billion exported by all foreign affiliates. U.S. affiliates from five other countries (Japan, the United Kingdom, Germany, the Netherlands, and France) each shipped more goods to foreign markets than Switzerland.

Fifty-seven percent of all merchandise exports from Swiss affiliates, or $9.6 billion, was exported back to their affiliate parents in Switzerland. In 2016, Swiss affiliates also imported $12.9 billion in goods, with most (65 percent) purchased from affiliates’ parents headquartered in Switzerland.

8.SouthKorea

7.Canada

6.Switzer-

land

5.France

4.Nether-lands

3.Germany

$40.1 B$37.4 B

$26.1 B

$17.0 B$14.5 B $14.2 B

Top Countries in Goods Exports by Their U.S. Affiliates, 2016


Swiss Affiliates Pay Third-Highest U.S. Income Taxes

Like all companies in the United States, foreign affiliates pay U.S. income taxes. At $6 billion, Swiss firms ranked third, paying more taxes than French or Dutch firms in 2016. Swiss companies in the chemicals sector were responsible for more than 70 percent of Swiss affiliate taxes, at about $4.2 billion.

Taxes from Swiss affiliates, along with firms from Japan, Germany, the United Kingdom, and Canada, totaled about $35 billion in 2016. Collectively, these five countries accounted for nearly three-quarters of the $48 billion in U.S. income taxes paid by all foreign affiliates in the United States in 2016.

$12.0 B

$6.7 B$6.0 B

$4.9 B$5.4 B

5.Nether-lands

4.France

3.Switzer-

land

2.Germany

1.Japan

Top Countries in U.S. Income Taxes Paid by Foreign Affiliates, 2016

1414


Affiliates

Companies

10.Michigan

8.North

Carolina

8.Massa-chusetts

7.Pennsyl-

vania

6.Georgia

5.Florida

4.Texas

3.Illinois

2.NewYork

1.Cali-fornia

120 11094 87

71 64 60 58 58 57

420

233212

337

222

105119

149

110136

Swiss Companies and Their Affiliates Ranked by Number of Companies by State, 2019

California Is Home to Largest Number of Swiss Companies and Affiliates

Swiss companies are present in every U.S. state and the District of Columbia. More than 500 Swiss companies have operations in the United States; many have one or more affiliates in multiple states. Together, they account for nearly 3,800 affiliates. California has the most Swiss companies, totaling 120. New York is second at 110 and Illinois is third at 94.

California also ranks first in the number of Swiss affiliates (420), followed by Texas (337), and New York (233).

500

Food & Beverages, Hospitality

Transportation

Logistics & Procurement

Construction

Machinery

Professional, Scientific, &Technical Services

Insurance

Financial Services

Food

Mining, Oil, & Gas 489

350

305

274

273

249

171

166

154

137

510

439

349

313

287

277

174

172

158

154

Number of Swiss Affiliates by Industry Sector in the United States, 2019

Largest Number of Swiss Affiliates in United States is in Mining, Oil, and Gas

More than 500 Swiss mining, oil, and gas affiliates are located in the United States, which offers direct access to one of the world’s largest energy markets. Because America leads in financial services and insurance prod-ucts, more than 650 affiliates of Swiss financial services and insurance companies operate in the U.S. market. The number of Swiss affiliates in the United States totals more than 1,000 in food, in professional, scientific and technical services, and in machinery.

1515

III. U.S. TRADE WITH SWITZERLAND

Switzerland is Key Export Market for U.S.-Made Goods

Besides Swiss companies’ demonstrated commitment to the United States through investments, Switzerland is also a key trading partner for the United States. In 2018, U.S. merchandise exports to Switzerland exceeded $22 billion, making it the 18th largest export market for U.S. goods, behind Australia and Italy, but ahead of the United Arab Emirates and Chile.

Primary metals accounted for one-third of U.S. merchan-dise exports to Switzerland, totaling more than $7 billion in 2018. Other top industries by exports of U.S. goods to Switzerland included chemicals, used merchandise, transportation equipment, and computer and electronic products.

Small U.S. merchandise trade surpluses with Switzerland earlier this decade turned to deficits, reaching nearly $19 billion in 2018.

$23.2 B$25.3 B

$22.2 B

$19.5 B

$15.3 B

20.Chile

19.UnitedArab

Emirates

18.Switzer-

land

17.Italy

16.Australia

Countries Ranked by U.S. Merchandise Exports 2018

U.S. Services Exports to Switzerland Rank as Sixth-Largest Worldwide

With $39 billion in 2018, Switzerland was one of the larg-est markets for U.S. exports of services, ranked sixth, trailing Japan, but ahead of Germany and Mexico. In fact, five percent of all U.S. services exports were sold to cus-tomers in Switzerland. Fees for intellectual property usage was the largest segment, at $14 billion in sales, followed by R&D services at $9 billion.

The U.S. surplus in services to Switzerland expanded to $18 billion in 2018 from about $300 million in 2009.

8.Mexico

7.Germany

6.Switzer-

land

5.Japan

4.Ireland

$48.9 B$45.2 B

$39.3 B

$34.8 B $33.9 B

Countries Ranked by U.S. Services Exports 2018

1616

Wholesale Trade Is Top Services Sector for U.S. Sales through Affiliates in Switzerland

At more than $26 billion in 2016, wholesale trade led all other sectors in services sold directly through affiliates of U.S. companies in Switzerland, representing more than one-third of these sales. Professional, scientific, and tech-nical services was the second-largest industry by this measure, composing more than 20 percent of all sales of services through U.S. affiliates in Switzerland. Information and retail trade completed the list of top services sectors by sales through U.S. affiliates in Switzerland in 2016.

OtherServices$23.2 B

Retail Trade$3.8 B

Information$5.8 B

Professional,Scientific, &

Technical Services$15.8 B

Wholesale Trade$26.2 B

Top Services Supplied through Foreign Affiliates of U.S. Companies in Switzerland by Industry, 2016

IV. U.S. SERVICES SALES THROUGH AFFILIATES IN SWITZERLAND

U.S. Services Sales through Swiss Affiliates Rank as Fifth-Strongest Worldwide

Although U.S. exports of services to Switzerland is a good measure of the strength of the bilateral economic relation-ship, majority-owned U.S. affiliates located in Switzerland deliver most U.S. services sold in Switzerland. This is because proximity and knowledge of the local market are important when selling services abroad.

Switzerland accounted for five percent of the $1.5 trillion in services supplied by overseas affiliates of U.S. companies in 2016. U.S. companies sold $75 billion in services through affiliates in Switzerland in 2016, which is less than what they sold through affiliates in Canada and Singapore, but more than through those in Japan and Germany.

On the other side, Swiss companies supplied $47 billion in services to U.S. consumers through their majority-owned affiliates in the United States.

7.Germany

6.Japan

5.Switzer-

land

4.Singapore

3.Canada

$117 B

$78 B $75 B $72 B$68 B

Top Countries in Services Supplied through Foreign Affiliates of U.S. Companies, 2016

1717

7.Switzer-

land

6.Nether-lands

5.Canada

4.Germany

3.France

728,500

471,000475,200

679,400692,200

SWISS ECONOMIC IMPACT

THE UNITED STATES

Swiss affiliates account for 7% of the 7.1 million jobs created by all foreign affiliates in the United States

TransportationEquipment

Computer &Electronic Products

Used Merchandise

Chemicals

PrimaryMetals

$7.3 B

$2.8 B

$2.5 B

$1.6 B

$1.1 B

Employment Supported by Foreign Affiliates, 2016

U.S. Residents of Swiss Descent 933,084

Top Goods Imports by Industry from Switzerland to the United States, 2018Total U.S. Goods Imports from Switzerland $41.1 B

$18.9 B

$4.9 B

$2.7 B

$828 M

$800 M

PrimaryMetals

Electrical Equipment,Appliances & Components

Machinery

Computer & Electronic Products

Chemicals

Jobs Supported bySwiss Affiliates

Jobs Supported by ServicesExports to Switzerland

Jobs Supported by GoodsExports to Switzerland

471,000

198,595

72,745

742,340Total Jobs

Transport Technical,Trade-Related,

& OtherBusiness

Professional&

ManagementConsulting

Charges forthe Use of

IntellectualProperty

Research&

Development

$14.1 B

$2.3 B

$8.9 B

$6.5 B

$2.4 B

Top Services Exports by Industry from the United States to Switzerland, 2018Total U.S. Services Exports to Switzerland $37.3 B

Top Services Imports by Industry from Switzerland to the United States, 2018Total U.S. Services Imports from Switzerland $26.9 B

Transport Technical,Trade-Related,

& OtherBusiness

Professional&

ManagementConsulting

Charges forthe Use of

IntellectualProperty

Insurance

$5.2 B

$1.9 B

$3.7 B$3.4 B

$2.3 B

Top Goods Exports by Industry from the United States to Switzerland, 2018Total U.S. Goods Exports to Switzerland $22.2 B

1818


ALABAMA

13,200

7.Switzer-

land

6.Nether-lands

5.France

4.Canada

3.Germany

10,70010,000

5,000

2,500 Swiss affiliates account for 2% of the 109,100 jobs created by all foreign affilates in Alabama


Primary Metals

Paper

Chemicals


$123 M

$9.7 M

$5.0 M

$3.0 M

$2.0 M


Top Goods Exports by Industry from Alabama to Switzerland, 2018Total Alabama Goods Exports to Switzerland $145 M

Swiss Companies Located in Alabama

Alabama Residents of Swiss Descent 3,885

Top Goods Imports by Industry from Switzerland to Alabama, 2018Total Alabama Goods Imports from Switzerland $122 M


FabricatedMetal Products

Machinery

Chemicals

Transportation Equipment

$43 M

$35 M

$26 M

$2.6 M

$2.0 M

BrudererChubb (ACE)DufryHoerbiger




2,5002,389

86

4,975Total Jobs

INEOSKuehne + NagelLafargeHolcimLeica Geosystems

NestléOerlikon OmyaPanalpina

RUAG Russell Stover Candies (Lindt)

SchindlerSGSSika

STMicroelectronicsSulzerSyngenta

TemenosUBSZurich

1919

5,000

5.France

4.Switzer-

land

3.Japan

2.United

Kingdom

1.Canada

4,600

2,700

500 400


ALASKA

Swiss affiliates account for 3% of the 17,200 jobs created by all foreign affiliates in Alaska

Fabricated Metal Products

Machinery


Food

Fish

$3.1 M

$0.01 M

$0.08 M

$0.1 M

$0.8 M


Top Goods Exports by Industry from Alaska to Switzerland, 2018Total Alaska Goods Exports to Switzerland $4.2 M

Dufry

Swiss Companies Located in Alaska

Alaska Residents of Swiss Descent 3,095

Top Goods Imports by Industry from Switzerland to Alaska, 2018Total Alaska Goods Imports from Switzerland $2.0 M



Machinery


$1.3 M

$0.3 M

$0.06 M

$0.04 M




500

418

5

923Total Jobs

Nestlé Schindler SGS Swissport Trapper's Creek Smoking Company

UBS

2020

17,600

5.Switzer-

land

4.Japan

3.France

2.Canada

1.United

Kingdom

17,300

11,000

9,300 8,800


ARIZONA

Swiss affiliates account for 8% of the 108,900 jobs created by all foreign affiliates in Arizona

Electrical Equipment, Appliances & Components

Machinery



Computer & Electronic Products $56 M

$43 M

$10 M

$6.2 M

$3.7 M


Top Goods Exports by Industry from Arizona to Switzerland, 2018Total Arizona Goods Exports to Switzerland $210 M

AdeccoBerninaBossardBUNAC (STA Travel)

Swiss Companies Located in Arizona

Arizona Residents of Swiss Descent 17,820

Top Goods Imports by Industry from Switzerland to Arizona, 2018Total Arizona Goods Imports from Switzerland $98 M

Machinery



Chemicals

Computer &Electronic Products $21 M

$8.0 M

$9.3 M

$10 M

$15 M




8,800

3,872

769

13,441Total Jobs

Chubb (ACE)ClariantDufryFisba

Hoffmann-La RocheKuehne + NagelLafargeHolcimLeica Geosystems

LindtNagraNespressoNestlé

OmyaPanalpinaQuadrantSchindler

SGSSTA TravelSTMicroelectronicsSulzer

SwissportSyngentaUBSZurich

2121

6,900

5.Canada

4.Switzer-

land

3.Japan

2.France

1.United

Kingdom

6,300 6,100

4,800

3,500


ARKANSAS

Swiss affiliates account for 10% of the 47,000 jobs created by all foreign affilates in Arkansas

ElectricalEquipment

Plastics & Rubber Products

Beverages &Tobacco Products

Chemicals

TransportationEquipment $121 M

$0.4 M

$0.3 M

$0.3 M

$0.2 M


Top Goods Exports by Industry from Arkansas to Switzerland, 2018Total Arkansas Goods Exports to Switzerland $125 M

ABBChubb (ACE)

Swiss Companies Located in Arkansas

Arkansas Residents of Swiss Descent 5,392

Top Goods Imports by Industry from Switzerland to Arkansas, 2018Total Arkansas Goods Imports from Switzerland $34 M

Chemicals


Fabricated MetalProducts

Machinery


$10 M

$10 M

$0.9 M

$0.4 M

$0.4 M



Jobs Supported by GoodsExports to Switzerland 4,800

1,538

20

6,358Total Jobs

DufryGeorg Fischer

Interhealth (Lonza)LafargeHolcim

NestléSchindler

SGSSyngenta

UBS Zurich

2222

117,900

4.Germany

4.Switzer-

land

3.France

2.United

Kingdom

1.Japan

112,700

87,500

72,000 72,000


CALIFORNIA

Swiss affiliates account for 9% of the 769,200 jobs created by all foreign affiliates in California

Primary Metals



Used Merchandise

Chemicals $901 M

$190 M

$189 M

$160 M

$82 M


Top Goods Exports by Industry from California to Switzerland, 2018Total California Goods Exports to Switzerland $2.1 B

ABBActelion PharmaceuticalsAdeccoAllied T pro (Kuoni)Allied WorldAmerican Lamprecht TransportARYZTAAsendiaBachemBallyBarry CallebautBohi ConsultingBossardChubb (ACE)CinetypClariant Comet

Swiss Companies Located in California

California Residents of Swiss Descent 102,439

Top Goods Imports by Industry from Switzerland to California, 2018Total California Goods Imports from Switzerland $2.7 B

$543 M

$393 M

$319 M

$275 M

$196 M

Machinery

Primary Metals

Chemicals






72,000

23,318

6,594

101,912Total Jobs

Comet Export AirCredit SuisseDiamondDKB HouseholdDufryEgon ZehnderElma ElectronicEmmi RothEndress+HauserEvolvaFerringFirmenichFlare InternationalFRACHT FWOFrankegategroupGeorg FischerGhirardelli (Lindt & Sprüngli)

Hallmark Aviation ServicesHess CollectionHoerbigerHoffmann-La RocheHublotINEOSInsensationInterhealth (Lonza)IWC SchaffhausenJaeger-LeCoultreJet AviationKatadynKaywaKRISSKuehne + NagelKuhn RikonLafargeHolcimLeica Geosystems

LEMLemoLife WatchLindtLogitechLonzaLuxoftNagraNespressoNestléNobel BiocareNovartisOerlikon OmyaPaistePanalpinaPartners GroupPiagetR&C Valve Repair

Reha TechnologyRiriRolexRollomaticRosenRUAGSafran VectronixScanditSchaererSchindlerSchleunigerSchmolz + BickenbachSchurterSefarSensirionSFS intecSGSSiegfried

SikaSIX Financial InformationSKINSSmall Precision ToolsSonovaStäubliSTMicroelectronicsSulzerSwatchSwiss Post SolutionsSwiss ReSwisscom VenturesSwissportSwitzerland TourismSyngenta

TAG HeuerTecanTeuscherTranscontainer Transportu-bloxUBSUVP (Endress+Hauser)Vacheron ConstantinViking CruisesVitolVitraWeatherfordWeidmannZurich

2323

13,900

6.Switzer-

land

5.France

4.Japan

3.Germany

2.Canada

7,500 7,400 7,300

5,800


COLORADO

Swiss affiliates account for 5% of the 107,400 jobs created by all foreign affilates in Colorado

Machinery

Primary Metals

Used Merchandise


Chemicals $14 M

$9.0 M

$7.6 M

$5.9 M

$5.6 M


Top Goods Exports by Industry from Colorado to Switzerland, 2018Total Colorado Goods Exports to Switzerland $191 M

ABBAdeccoBerninaChubb (ACE)Credit SuisseDiamondDiamond Materials Tech

Swiss Companies Located in Colorado

Colorado Residents of Swiss Descent 23,506

Top Goods Imports by Industry from Switzerland to Colorado, 2018Total Colorado Goods Imports from Switzerland $812 M


Machinery

Chemicals



$34 M

$31 M

$8.2 M

$6.0 M




5,800

3,586

821

10,207Total Jobs

DT SwissDufryEM MicroelectronicsFRACHT FWOHallmark Aviation ServicesHoerbiger

INFICONInterrollKuehne + NagelLafargeHolcimLeica GeosystemsMercuriaMikron

Nagra NespressoNestléNovartisPanalpinaPilatus

Russell Stover Candies (Lindt)SchindlerSGSSikaSimilasan

STMicroelectronicsSulzerSwatchSwiss ReSwisslogSwissport

SyngentaUBSWeatherfordWeidmannZurich

2424

19,100

5.France

4.Switzer-

land

3.Germany

2.United

Kingdom

1.Nether-lands

18,500

12,400

8,1007,400


CONNECTICUT

Swiss affiliates account for 8% of the 105,300 jobs created by all foreign affiliates in Connecticut

Machinery

Chemicals



Transportation Equipment $68 M

$20 M

$20 M

$6.9 M

$5.7 M


Top Goods Exports by Industry from Connecticut to Switzerland, 2018Total Connecticut Goods Exports to Switzerland $153 M

AgathonAllied WorldBaumerBelimoBlumerBreitlingBucher Emhart Glass

Swiss Companies Located in Connecticut

Connecticut Residents of Swiss Descent 8,574

Top Goods Imports by Industry from Switzerland to Connecticut, 2018Total Connecticut Goods Imports from Switzerland $452 M

Used Merchandise



Machinery


$136 M

$131 M

$67 M

$47 M

$8.1 M




2,454

529

11,083Total Jobs

Chubb (ACE)CometCredit SuisseDara CapitalEAOGlencoreHabasit

Hoffmann-La RocheIBAGKolmarKuehne + NagelLafargeHolcimLeica Geosystems

LindtMercuriaMikronNeoperlNestléOerlikon

RUAGS. KargerSchindlerSGSSIX Financial Information

SulzerSwiss ReTornos TechnologiesTraditionUBSVector Controls

VictorinoxVitolVon RollZurich

2525

3,000

6.Switzer-

land

5.France

4.Japan

3.Canada

2.Germany

2,300

1,7001,600

1,300


DELAWARE

Swiss affiliates account for 5% of the 25,000 jobs created by all foreign affilates in Delaware


Machinery

Chemicals


Plastics & Rubber Products $3.4 M

$1.5 M

$1.5 M

$0.9 M

$0.8 M


Top Goods Exports by Industry from Delaware to Switzerland, 2018Total Delaware Goods Exports to Switzerland $18 M

Chubb (ACE)Datwyler Pharma Packaging

Swiss Companies Located in Delaware

Delaware Residents of Swiss Descent 1,823

Top Goods Imports by Industry from Switzerland to Delaware, 2018Total Delaware Goods Imports from Switzerland $536 M

Electrical Equipment,Applicances, & Components

NonmetallicMineral Products


Machinery

Chemicals $510 M

$14 M

$3.5 M

$0.8 M

$0.4 M




656

77

2,033 Total Jobs

HoerbigerHoffmann-La Roche

IncyteINEOS

NestléPublicitas

SwisslogSyngenta

UBS Zurich

2626

1,800

5.France

5.Germany

4.Switzer-

land

3.Nether-lands

2.Canada

1,7001,600

1,500 1,500


DISTRICT OF COLUMBIA

Swiss affiliates account for 7% of the 24,300 jobs created by all foreign affilates in the District of Columbia

Chemicals

Furniture &Fixtures


Used Merchandise


$6.7 M

$0.4 M

$0.2 M

$0.1 M


Top Goods Exports by Industry from the District of Columbia to Switzerland, 2018Total D.C. Goods Exports to Switzerland $21 M

ABBBarbara Balman Landscape DesignChubb (ACE)

Swiss Companies Located in the District of Columbia

District of Columbia Residents of Swiss Descent 1,796

Top Goods Imports by Industry from Switzerland to the District of Columbia, 2018Total D.C. Goods Imports from Switzerland $7.6 M

Printed Matter &Related Products


Paper

Machinery


$1.3 M

$0.9 M

$0.9 M

$0.3 M

$0.2 M




1,600

999

32

2,631 Total Jobs

Credit SuisseDufryEgon ZehnderFerring

Hoffman-La RocheLafargeHolcimMercuriaNagra

NestléNovartisSITAStable DC

SwatchSwiss Post SolutionsSwiss Re

SyngentaTE ConnectivityUBS

Vestergaard FrandsenZurich

2727

43,900

6.Switzer-

land

5.Japan

4.Germany

3.France

2.Canada

31,100 30,300

21,200 20,000


FLORIDA

Swiss affiliates account for 6% of the 348,800 jobs created by all foreign affilates in Florida

Used Merchandise

Chemicals



Primary Metals $665 M

$109 M

$65 M

$56 M

$23 M


Top Goods Exports by Industry from Florida to Switzerland, 2018Total Florida Goods Exports to Switzerland $1.1 B

ABBAbnoxAdeccoAkrisAlevoAllied T pro (Kuoni)Allied WorldAvalon ParkBallyBreitlingBucher Emhart Glass

Swiss Companies Located in Florida

Florida Residents of Swiss Descent 36,024

Top Goods Imports by Industry from Switzerland to Florida, 2018Total Florida Goods Imports from Switzerland $1.2 B

Food

Chemicals

Machinery

Used Merchandise


$560 M

$127 M

$69 M

$63 M

$51 M




20,000

12,519

4,777

37,296Total Jobs

Chubb (ACE)CISA LATAMCotecna InspectionCredit SuisseDavidoffDufryEFG InternationalEgon ZehnderElite Simulation SolutionsFerringFirmenich

FRACHT FWOgategroupgetAbstractGhiradelli (Lindt & Sprüngli)GivaudanGöttiHallmark Aviation ServicesHoerbigerHublotHygolet

INEOSIWC SchaffhausenJaeger-LeCoultreJet AviationKeytradeKuehne + NagelLafargeHolcimLindtLonzaM-IndustryMora Wealth

ManagementMSCNespressoNestléNovartisPanalpinaPiagetPublicitasRUAG Russell Stover Candies (Lindt)

SchindlerSGSSignature Brands (Hero)SulzerSwatch Swiss ConnectionSwiss ReSwissportSyngentaTAG Heuer

TemenosUBSVacheron ConstantinVictory Truck & Bus Company (Alevo)VilligerVirtaMedWeitnauerZewaZurich

2828

25,600

7.Switzer-

land

6.Nether-lands

5.France

4.Germany

3.Canada

25,000

22,00021,000

13,400


GEORGIA

Swiss affiliates account for 6% of the 239,200 jobs created by all foreign affilates in Georgia



Chemicals

Machinery


$12 M

$13 M

$17 M

$21 M

$123 M


Top Goods Exports by Industry from Georgia to Switzerland, 2018Total Georgia Goods Exports to Switzerland $228 M

AbatekABBAdeccoAkrisAllied WorldAlrolArch Wood Protection (Lonza)BallyBibliotheca

Swiss Companies Located in Georgia

Georgia Residents of Swiss Descent 12,306

Top Goods Imports by Industry from Switzerland to Georgia, 2018Total Georgia Goods Imports from Switzerland $484 M

Plastics &Rubber Products

Chemicals


Machinery


$111 M

$46 M

$25 M

$24 M




5,988

894

20,282Total Jobs

Chubb (ACE)ClariantCorvagliaCredit SuisseDartfishDufryEgon ZehnderFischer ConnectorsFRACHT FWO gategroup

Georg FischerGezolanGhiradelli (Lindt & Sprüngli)HabasitHallmark Aviation ServicesHitachi Zosen InovaHublotInterroll

Kuehne + NagelLafargeHolcimLandis+GyrLeica GeosystemsNagraNestléNiklesnolaxNovartisOerlikon

Optima Stantron (Elma Electronic)PanalpinaRobatechSchindlerSchleunigerSFS intecSGSSIGVARISSika

SITASolis HotelSTMicroelectronics StöcklinSuhnerSulzerSwatchSwiss ReSwissaustralSwissport

SwisstexSyngentaUBSUniversal AlloyVon RollWell Diamond Wire SawsZurich

2929

5,500

6.Switzer-

land

5.Germany

4.Canada

3.United

Kingdom

2.France

3,000

1,3001,000

800


HAWAII

Swiss affiliates account for 2% of the 37,200 jobs created by all foreign affilates in Hawaii

Used Merchandise

Beverages & Tobacco Products

Chemicals


TransportationEquipment $0.4 M

$0.3 M

$0.06 M

$0.05 M

$0.05 M


Top Goods Exports by Industry from Hawaii to Switzerland, 2018Total Hawaii Goods Exports to Switzerland $1.4 M

BallyChubb (ACE)gategroup

Swiss Companies Located in Hawaii

Hawaii Residents of Swiss Descent 2,271

Top Goods Imports by Industry from Switzerland to Hawaii, 2018Total Hawaii Goods Imports from Switzerland $22 M

Used Merchandise

Wood Products

Food

Machinery


$0.8 M

$0.1 M

$0.09 M

$0.06 M




800

935

4

1,739 Total Jobs

Hallmark Aviation ServicesJucker Hawaii

NestléPublicitasSchindler

SwatchSwissportUBS

Vacheron Constantin

Wahine BrandZurich

3030

2,800

5.Switzer-

land

4.Germany

2.France

1.Canada

2,400

1,800

900

2.United

Kingdom

2,400


IDAHO

Swiss affiliates account for 6% of the 15,400 jobs created by all foreign affiliates in Idaho




Primary Metals

Machinery

$3.4 M

$0.5 M

$0.4 M

$0.4 M

$0.3 M


Top Goods Exports by Industry from Idaho to Switzerland, 2018Total Idaho Goods Exports to Switzerland $5.4 M

LafargeHolcim

Swiss Companies Located in Idaho

Idaho Residents of Swiss Descent 12,576

Top Goods Imports by Industry from Switzerland to Idaho, 2018Total Idaho Goods Imports from Switzerland $4.5 M

Leather Products

Electrical Equipment,Applicances & Components

Chemicals


Machinery $1.7 M

$1.1 M

$0.7 M

$0.4 M

$0.2 M




900869

5

1,774Total Jobs

Nestlé Schindler Swiss Re Syngenta UBS Zurich

3131

42,400

6.Switzer-

land

5.Canada

4.France

3.Germany

2.Japan

40,400

36,400

27,900

21,700


ILLINOIS

Swiss affiliates account for 6% of the 340,500 jobs created by all foreign affiliates in Illinois

Used Merchandise



Machinery

Chemicals $237 M

$56 M

$36 M

$29 M

$18 M


Top Goods Exports by Industry from Illinois to Switzerland, 2018Total Illinois Goods Exports to Switzerland $420 M

AccumationAdeccoAhlborn-Galanti OrgansAllied WorldAmerican Lamprecht TransportAndrea LuehmannAsendiaAvanti's PeoriaAvendia PublishingBarry CallebautBea 2 B ServicesBerninaBIG KAISER

Swiss Companies Located in Illinois

Illinois Residents of Swiss Descent 36,382

Top Goods Imports by Industry from Switzerland to Illinois, 2018Total Illinois Goods Imports from Switzerland $1.3 B




Chemicals

Machinery $397 M

$193 M

$161 M

$109 M

$41 M




8,629

1,726

32,055 Total Jobs

BircherBONECOBossardBouquet & AssociatesBystronicCarlo GavazziChicago Faucets (Geberit)Chubb (ACE)ClariantCredit SuisseDufryEgon ZehnderelipsLife

EROWAEtelEuromaierEVAC InternationalEwabFRACHT FWOgategroupGeorg FischerGhiradelli (Lindt & Sprüngli)GivaudanHoerbigerHotels of SwitzerlandINEOS Ionbond

J. SchneebergerJet AviationKomaxKuehne + NagelKummerLafargeHolcimLeister TechnologiesLife WatchLindtMedactaMedelaMicronasMSCNespressoNestlé

NUMNumerical PrecisionOerlikon PanalpinaPlatitPolydecQuadrantRAHNReishauerRollomaticRussell Stover Candies (Lindt)RychigerSchindlerSchlatter

SchleunigerSchmolz + BickenbachSGSSICPASikaSimenoSonova StahliSTMicroelectronics StrausakSulzerSWAN AnalyticalSwatch

Swiss International Air LinesSwiss Post SolutionsSwiss ReSwissportSyngentaTAG HeuerTeuscherTornos TechnologiesUBSVitraWandfluhZiemerZurich

3232

28,500

7.Switzer-

land

6.Nether-lands

5.Germany

4.Canada

3.France

16,10015,100

12,900

8,400


INDIANA

Swiss affiliates account for 4% of the 193,000 jobs created by all foreign affiliates in Indiana

Machinery


Primary Metals


Chemicals $73 M

$16 M

$14 M

$9.4 M

$6.9 M


Top Goods Exports by Industry from Indiana to Switzerland, 2018Total Indiana Goods Exports to Switzerland $133 M

Arch Wood Protection (Lonza)AutoneumChubb (ACE)

Swiss Companies Located in Indiana

Indiana Residents of Swiss Descent 38,390

Top Goods Imports by Industry from Switzerland to Indiana, 2018Total Indiana Goods Imports from Switzerland $1.6 B

Food



Machinery

Chemicals $1.2 B

$151 M

$113 M

$8.0 M

$6.4 M




3,833

1,015

13,248 Total Jobs

ComluxEndress+HausergategroupGeorg Utz

Hoffmann-La RocheILAGKuehne + NagelLafargeHolcim

Landis+GyrLindtMercuriaNestlé

Oerlikon Quadrantrecord (agta record)REGO-FIX

SchindlerSwatchSwiss ReSyngenta

UBSWeidmannZurich

3333

4,900

7.Switzer-

land

6.France

5.Germany

4.Canada

3.Japan

4,600 4,500 4,400

3,100


IOWA

Swiss affiliates account for 5% of the 60,300 jobs created by all foreign affiliates in Iowa




Machinery

Chemicals $35 M

$3.5 M

$2.2 M

$1.1 M

$0.9 M


Top Goods Exports by Industry from Iowa to Switzerland, 2018Total Iowa Goods Exports to Switzerland $46 M

BossardChubb (ACE)

Swiss Companies Located in Iowa

Iowa Residents of Swiss Descent 13,977

Top Goods Imports by Industry from Switzerland to Iowa, 2018Total Iowa Goods Imports from Switzerland $73 M

Textiles & Fabrics



Machinery

Chemicals $53 M

$10 M

$2.8 M

$2.0 M

$1.2 M




3,100

1,992

76

5,168 Total Jobs

CometLafargeHolcim

Nestlérecord (agta record)

SchindlerSFS intec

Swiss ReSwissport

SyngentaUBS

Zurich

3434

9,600

5.Germany

3.Switzer-

land

2.United

Kingdom

1.Japan

7,5006,800

5,900

3.Canada

6,800


KANSAS

Swiss affiliates account for 12% of the 58,000 jobs created by all foreign affiliates in Kansas

Machinery




Food

$32 M

$19 M

$5.8 M

$5.4 M

$5.3 M


Top Goods Exports by Industry from Kansas to Switzerland, 2018Total Kansas Goods Exports to Switzerland $79 M

Chubb (ACE)HoerbigerINFICON

Swiss Companies Located in Kansas

Kansas Residents of Swiss Descent 13,923

Top Goods Imports by Industry from Switzerland to Kansas, 2018Total Kansas Goods Imports from Switzerland $44 M



Chemicals


Machinery

$16 M

$7.6 M

$4.2 M

$0.9 M

$0.4 M




1,794

290

8,884 Total Jobs

Kuehne + NagelKuhn GroupLafargeHolcim

Limestone FarmsNestlé

Russell Stover Candies (Lindt)Schindler

SGSSwiss Re

SwissportSyngenta

UBSZurich

3535

12,000

6.Switzer-

land

5.United

Kingdom

4.Canada

3.France

2.Germany

11,20010,800

9,400

6,300


KENTUCKY

Swiss affiliates account for 5% of the 129,400 jobs created by all foreign affiliates in Kentucky

Machinery




Chemicals

$7.9 M

$7.9 M

$3.1 M

$1.4 M

$1.3 M


Top Goods Exports by Industry from Kentucky to Switzerland, 2018Total Kentucky Goods Exports to Switzerland $25 M

3A Composites (Schweiter)Chubb (ACE)ClariantDufry

Swiss Companies Located in Kentucky

Kentucky Residents of Swiss Descent 10,653

Top Goods Imports by Industry from Switzerland to Kentucky, 2018Total Kentucky Goods Imports from Switzerland $6.6 B

Primary Metals



Machinery

Chemicals $3.6 B

$46 M

$28 M

$25 M

$18 M




2,444

141

8,885Total Jobs

EvolvagategroupGhiradelli (Lindt & Sprüngli)

GivaudanKuehne + NagelLafargeHolcim

Lazar Anode TechnologiesNestlé

Netstal MachineryOmyaPanalpina

SGSStarrag-HeckertSyngenta

UBSZeochemZurich

3636

10,400

6.Switzer-

land

5.Nether-lands

4.Germany

3.Canada

2.France

8,100

5,8005,200

3,700

Swiss affiliates account for 5% of the 67,700 jobs created by all foreign affiliates in Louisiana

Machinery

Chemicals

Minerals & Ores

Petroleum & Coal Products

Used Merchandise

$57 M

$22 M

$4.7 M

$4.6 M

$3.0 M


Top Goods Exports by Industry from Louisiana to Switzerland, 2018Total Louisiana Goods Exports to Switzerland $94 M

AdeccoChubb (ACE)ClariantDufry

Swiss Companies Located in Louisiana

Louisiana Residents of Swiss Descent 3,256

Top Goods Imports by Industry from Switzerland to Louisiana, 2018Total Louisiana Goods Imports from Switzerland $155 M




Machinery

Chemicals $130 M

$12 M

$7.9 M

$1.4 M

$1.2 M




3,700

2,608

116

6,424Total Jobs


LOUISIANA

FrankegategroupGESIPA FastenersHoerbiger

INEOSLafargeHolcimLindtLonza

MSCNestléPanalpinaSchindler

SGSSulzerSwissportSyngenta

TransoceanUBSViking Cruises

VitolWeatherfordZurich

3737

8,600

5.Japan

4.Germany

3.Switzer-

land

2.United

Kingdom

1.Canada

2,800 2,5001,800

1,200Swiss affiliates account for 7% of the 34,200 jobs created by all foreign affiliates in Maine

Chemicals

Used Merchandise

Machinery


Transportation Equipment $2.6 M

$0.8 M

$0.5 M

$0.4 M

$0.3 M


Top Goods Exports by Industry from Maine to Switzerland, 2018Total Maine Goods Exports to Switzerland $6.7 M

Chubb (ACE)Clariant

Swiss Companies Located in Maine

Maine Residents of Swiss Descent 2,189

Top Goods Imports by Industry from Switzerland to Maine, 2018Total Maine Goods Imports from Switzerland $15 M

Food




Machinery $4.9 M

$1.3 M

$0.4 M

$0.3 M

$0.1 M




2,500

849

35

3,384 Total Jobs


MAINE

Kardex Lindt Nestlé Syngenta UBS Zurich

3838

14,000

7.Japan

6.Switzer-

land

5.Germany

4.France

3.Canada

9,5008,000 7,600

5,700


MARYLAND

Swiss affiliates account for 6% of the 118,300 jobs created by all foreign affiliates in Maryland

Machinery

Used Merchandise

Chemicals



$6.1 M

$5.2 M

$3.6 M

$2.6 M


Top Goods Exports by Industry from Maryland to Switzerland, 2018Total Maryland Goods Exports to Switzerland $48 M

Albert Uster ImportsBiodentaChubb (ACE)Credit Suisse

Swiss Companies Located in Maryland

Maryland Residents of Swiss Descent 13,142

Top Goods Imports by Industry from Switzerland to Maryland, 2018Total Maryland Goods Imports from Switzerland $66 M

Food



Machinery

Chemicals

$23 M

$12 M

$8.7 M

$7.6 M

$2.4 M




3,747

112

11,459 Total Jobs

DK ContractorsDufryFerrumHoffmann-La Roche

Kuehne + NagelLafargeHolcimLindtLonza

MSCNespressoNestléNovartis

Phoenix MecanoSchindlerSGSSyngenta

UBSWorld Duty Free (Dufry)

WorldAwareZurich

3939

22,700

7.Switzer-

land

6.Japan

5.Germany

4.Canada

3.France

22,600

17,70016,200

13,200


MASSACHUSETTS

Swiss affiliates account for 6% of the 213,700 jobs created by all foreign affiliates in Massachusetts

Machinery


Chemicals

Waste & Scrap


$129 M

$74 M

$54 M

$20 M


Top Goods Exports by Industry from Massachusetts to Switzerland, 2018Total Massachusetts Goods Exports to Switzerland $1.2 B

A-ConnectAkrisAllied WorldAnalytik Jena (Endress+Hauser)Bucher + SuterChubb (ACE)ClariantCredit SuisseDiamond

Swiss Companies Located in Massachusetts

Massachusetts Residents of Swiss Descent 10,982

Top Goods Imports by Industry from Switzerland to Massachusetts, 2018Total Massachusetts Goods Imports from Switzerland $1.0 B

Machinery

Chemicals

Primary Metals



$233 M

$139 M

$58 M

$55 M

$22 M




13,2005,301

3,365

21,866Total Jobs

DufryEgon ZehnderFRACHT FWOFrankegategroupGeorg FischerGhirardelli (Lindt)HelblingHocoma

HoerbigerHoffmann-La RocheINEOSInfranorJet AviationJungbunzlauerKuehne + NagelLafargeHolcimLeica Geosystems

LindtMaxon Precision Motors MetalorMSCNespresso NestléNovartisOerlikon

PanalpinaRuntal (Zehnder)SchindlerSchneebergerSchoeller TextilSikaSITASIX Financial Information

SOTAXSpirig Advanced TechnologiesSTMicroelectronics StraumannSustainservSwatchSwiss ReSwissport

SyngentaTELSONICTeuscherTraditionUBSWeidmannZurich

4040

34,000

7.Switzer-

land

6.France

5.Canada

4.United

Kingdom

3.Japan

31,800

26,700

20,900

9,900


MICHIGAN

Swiss affiliates account for 4% of the 250,300 jobs created by all foreign affiliates in Michigan


Machinery


Chemicals


$13 M

$11 M

$7.9 M

$7.1 M


Top Goods Exports by Industry from Michigan to Switzerland, 2018Total Michigan Goods Exports to Switzerland $274 M

ABBAdeccoAPAGAsendiaAutoForm EngineeringAutoneumBartschi-FobroBucher HydraulicsBühler

Swiss Companies Located in Michigan

Michigan Residents of Swiss Descent 23,460

Top Goods Imports by Industry from Switzerland to Michigan, 2018Total Michigan Goods Imports from Switzerland $281 M


Chemicals



Machinery $65 M

$34 M

$30 M

$30 M

$15 M




9,900

5,781

660

16,341Total Jobs

Chubb (ACE)ClariantCondairDufryEco PhysiksEMS-EFTECEuropean Technology CenterEwabgategroup

GüdelIonbondKabaKaiser Optical Systems (Endress+Hauser)KistlerKuehne + NagelLafargeHolcimLEM

LiebherrLindtLuxoftMetalorMicronasNestléOerlikon OetikerOmya

PanalpinaPibomultiQuadrantrecord (agta record)RegloplasRehauRussell Stover Candies (Lindt)Schindler

Schmolz + BickenbachSGSSikaSoncebozStäubliSTMicroelectronics Sulzer

Swiss ReSwissportSyngentaTELSONICTool-TempUBSZurich

4141

23,900

5.Switzer-

land

4.Japan

3.Germany

2.United

Kingdom

1.Canada

19,300

15,700

8,0007,300


MINNESOTA

Swiss affiliates account for 6% of the 119,700 jobs created by all foreign affiliates in Minnesota

Used Merchandise





$32 M

$13 M

$10 M

$6.1 M


Top Goods Exports by Industry from Minnesota to Switzerland, 2018Total Minnesota Goods Exports to Switzerland $181 M

AdeccoBühlerCEDESChubb (ACE)ClariantDufry

Swiss Companies Located in Minnesota

Minnesota Residents of Swiss Descent 20,531

Top Goods Imports by Industry from Switzerland to Minnesota, 2018Total Minnesota Goods Imports from Switzerland $154 M


Chemicals


Machinery


$58 M

$33 M

$23 M

$4.5 M

$4.5 M




7,300

3,953

688

11,941 Total Jobs

FirmenichFRAISAGivaudanHoegger Food TechnologyIonbond

KatadynKuehne + NagelLafargeHolcimLandis+GyrLindt

LonzaNagraNespressoNestléPanalpina

Russell Stover Candies (Lindt)SchindlerSchmolz + Bickenbach

SonovaSwatchSwissportSyngenta

TrikoraUBSZurich

4242

4,800

6.Switzer-

land

5.Canada

4.France

3.Germany

2.United

Kingdom

4,300 4,2004,000

1,800

SWISS ECONOMIC IMPACT ON

MISSISSIPPI

Swiss affiliates account for 5% of the 37,900 jobs created by all foreign affiliates in Mississippi



Textiles & Fabrics

Machinery

Agricultural Products

$1.3 M

$0.5 M

$0.4 M

$0.4 M

$0.3 M


Top Goods Exports by Industry from Mississippi to Switzerland, 2018Total Mississippi Goods Exports to Switzerland $4.8 M

ABBDufry

Swiss Companies Located in Mississippi

Mississippi Residents of Swiss Descent 2,333

Top Goods Imports by Industry from Switzerland to Mississippi, 2018Total Mississippi Goods Imports from Switzerland $135 M

Chemicals



Machinery


$14 M

$5.4 M

$5.0 M

$3.9 M

$3.0 M




1,800

1,369

22

3,191Total Jobs

Kuehne + NagelLafargeHolcim

NestléPhoenix Mecano

SchindlerSyngenta

UBS Wey Valve (Sistag) Zurich

4343

13,100

6.Switzer-

land

5.Japan

4.France

3.Germany

2.Canada

11,800 11,50010,400

9,200


MISSOURI

Swiss affiliates account for 8% of the 119,200 jobs created by all foreign affiliates in Missouri

Used Merchandise


Forestry Products

Machinery

Chemicals $37 M

$15 M

$8.3 M

$3.3 M

$3.1 M


Top Goods Exports by Industry from Missouri to Switzerland, 2018Total Missouri Goods Exports to Switzerland $76 M

ABBBucher Emhart GlassChubb (ACE)

Swiss Companies Located in Missouri

Missouri Residents of Swiss Descent 24,327

Top Goods Imports by Industry from Switzerland to Missouri, 2018Total Missouri Goods Imports from Switzerland $130 M

Chemicals



Machinery


$57 M

$38 M

$5.3 M

$3.2 M

$3.1 M




3,884

274

13,358Total Jobs

DufryFirmenichgategroupHallmark Aviation Services

Kuehne + NagelLafargeHolcimNestléPanalpina

Russell Stover Candies (Lindt) SchindlerSefar

SikaSwissportSyngentaUBS

VC999 Packaging Systems (Inauen Group)

Zurich

4444

4.Nether-lands

4.Germany

4.Japan

4.Switzer-

land

3.France

800

300 300 300300


MONTANA

Swiss affiliates account for 4% of the 7,200 jobs created by all foreign affiliates in Montana

Nonmetallic Mineral Products

Used Merchandise

Chemicals

Machinery

Computer & Electronic Products $0.5 M

$0.5 M

$0.5 M

$0.2 M

$0.2 M


Top Goods Exports by Industry from Montana to Switzerland, 2018Total Montana Goods Exports to Switzerland $3.2 M

Chubb (ACE)

Swiss Companies Located in Montana

Montana Residents of Swiss Descent 5,741

Top Goods Imports by Industry from Switzerland to Montana, 2018Total Montana Goods Imports from Switzerland $3.7 M





Machinery

$1.3 M

$1.1 M

$0.5 M

$0.4 M

$0.09 M




300

625

10

935Total Jobs

Oerlikon SGS Syngenta UBS Zurich

4545

4,800

5.Canada

4.Switzer-

land

3.France

2.United

Kingdom

1.Japan

4,500

3,300

2,1001,900


NEBRASKA

Swiss affiliates account for 7% of the 32,100 jobs created by all foreign affiliates in Nebraska


Chemicals


Machinery

Food $3.9 M

$1.8 M

$1.2 M

$0.6 M

$0.2 M


Top Goods Exports by Industry from Nebraska to Switzerland, 2018Total Nebraska Goods Exports to Switzerland $9.2 M

Chubb (ACE)DufryEvolva

Swiss Companies Located in Nebraska

Nebraska Residents of Swiss Descent 7,788

Top Goods Imports by Industry from Switzerland to Nebraska, 2018Total Nebraska Goods Imports from Switzerland $358 M



Food

Machinery

Chemicals $343 M

$3.6 M

$2.1 M

$1.1 M

$0.9 M




2,100

31

1,2993,430

Total Jobs

Hallmark Aviation ServicesLafargeHolcim

LindtNestlé

Russell Stover Candies (Lindt)

SchindlerSGS

SwissportSyngenta

UBSZurich

4646

6,900

6.Switzer-

land

5.Japan

4.Germany

3.France

2.United

Kingdom

6,000

3,400 3,200

2,300


NEVADA

Swiss affiliates account for 5% of the 48,100 jobs created by all foreign affiliates in Nevada

Used Merchandise

Machinery


Chemicals

Primary Metals $3.4 B

$5.9 M

$4.9 M

$3.6 M

$2.1 M


Top Goods Exports by Industry from Nevada to Switzerland, 2018Total Nevada Goods Exports to Switzerland $3.4 B

Allied T pro (Kuoni)ARYZTABallyBelimoBreitling

Swiss Companies Located in Nevada

Nevada Residents of Swiss Descent 8,040

Top Goods Imports by Industry from Switzerland to Nevada, 2018Total Nevada Goods Imports from Switzerland $129 M





Machinery $46 M

$33 M

$8.6 M

$3.9 M

$2.6 M




2,300

7,966

1,96712,233

Total Jobs

Chubb (ACE)DufrygategroupGhirardelli (Lindt)Haag-Streit

HublotInnovative Sensor Technology (Endress+Hauser)

IWC SchaffhausenJaeger-LeCoultreKuehne + NagelLafargeHolcim

NagraNestléPiagetSchindler

SGSSwatchSwissportTAG Heuer

ThermoplanUBSVacheron ConstantinZurich

4747

10,600

5.France

4.Japan

3.Switzer-

land

2.Canada

1.United

Kingdom

6,300

4,200 3,900 3,800


NEW HAMPSHIRE

Swiss affiliates account for 10% of the 43,300 jobs created by all foreign affiliates in New Hampshire


Electrical Equipment,Appliances, & Components

Machinery



$5.0 M

$2.9 M

$2.0 M

$1.7 M


Top Goods Exports by Industry from New Hampshire to Switzerland, 2018Total New Hampshire Goods Exports to Switzerland $21 M

Chubb (ACE)DufryIonbond

Swiss Companies Located in New Hampshire

New Hampshire Residents of Swiss Descent 2,651

Top Goods Imports by Industry from Switzerland to New Hampshire, 2018Total New Hampshire Goods Imports from Switzerland $139 M

Chemicals




Machinery $51 M

$33 M

$24 M

$9.1 M

$6.1 M




4,200

933

50

5,183Total Jobs

LafargeHolcimLEMLindt

LonzaSafran VectronixSchleuniger

SulzerSwiss Re

SyngentaUBS

UnisensorVectronix

ZehnderZurich

4848

46,400

5.Japan

4.Canada

3.Switzer-

land

2.France

1.United

Kingdom

45,500

31,000

27,100 26,100


NEW JERSEY

Swiss affiliates account for 11% of the 283,600 jobs created by all foreign affiliates in New Jersey

Primary Metals

Nonmetalic Mineral Products


Used Merchandise

Chemicals

$123 M

$90 M

$70 M

$49 M

$47 M


Top Goods Exports by Industry from New Jersey to Switzerland, 2018Total New Jersey Goods Exports to Switzerland $444 M

ABBActelion PharmaceuticalsARYZTAAsendiaBarry CallebautBobstBrudererCAPSUGEL (Lonza)Chubb (ACE)

Swiss Companies Located in New Jersey

New Jersey Residents of Swiss Descent 15,895

Top Goods Imports by Industry from Switzerland to New Jersey, 2018Total New Jersey Goods Imports from Switzerland $6.1 B


Food

Machinery


Chemicals $4.5 B

$390 M

$228 M

$218 M

$34 M




5,944

965

37,909Total Jobs

Credit SuisseDatacolorDatwyler Pharma PackagingDKSHDufry FerringFirmenichgategroupGivaudan

Hallmark Aviation ServicesHasselblad BronHelsinn TherapeuticsHoerbigerHoffmann-La RocheHuber + SuhnerHudson Group (Dufry)

IonbondJet AviationKuehne + NagelLafargeHolcimLindtLonzaNagraNespressoNestléNovartis

PanalpinaPerlen ConvertingPolytypeRicola USARondoSchaffner EMCSchindlerSchmolz + Bickenbach

SGSSiegfriedSikaSolviasSulzerSwatchSwissportSwissray International

SyngentaTAG HeuerTranscontainer TransportUBSZurich

4949

2,700

6.Switzer-

land

3.United

Kingdom

3.France

2.Germany

2,600 2,600

1,100

5.Japan

1,300


NEW MEXICO

Swiss affiliates account for 6% of the 18,000 jobs created by all foreign affiliates in New Mexico

Machinery

AgriculturalProducts

Used Merchandise


Chemicals $2.7 M

$0.9 M

$0.4 M

$0.3 M

$0.2 M


Top Goods Exports by Industry from New Mexico to Switzerland, 2018Total New Mexico Goods Exports to Switzerland $7.3 M

ABBBrugg

Swiss Companies Located in New Mexico

New Mexico Residents of Swiss Descent 3,538

Top Goods Imports by Industry from Switzerland to New Mexico, 2018Total New Mexico Goods Imports from Switzerland $50 M

Machinery

FabricatedMedical Products


Chemicals


$41 M

$2.4 M

$2.1 M

$1.4 M

$0.6 M




1,1001,055

12

2,167Total Jobs

ClariantDufry

INEOSLafargeHolcim

Northwire (Lemo)SGS

SICPASulzer

SwissportUBS

Zurich

5050

56,700

6.Switzer-

land

5.Germany

4.Japan

3.Canada

2.France

53,700

42,500 42,20038,700


NEW YORK

Swiss affiliates account for 8% of the 499,100 jobs created by all foreign affiliates in New York

Machinery

Chemicals


Used Merchandise

Primary Metals $2.2 B

$2.1 B

$139 M

$31 M

$20 M


Top Goods Exports by Industry from New York to Switzerland, 2018Total New York Goods Exports to Switzerland $7.7 B

AFIAAAkrisAllied T pro (Kuoni)Allied WorldAmerican Lamprecht TransportAmerican LaubscherAntiquorumAppwayARYZTAAsendiaBallyBeech-Nut Nutrition (Hero)BerninaBlaser SwisslubeBohi EnergyBreitling

Swiss Companies Located in New York

New York Residents of Swiss Descent 35,486

Top Goods Imports by Industry from Switzerland to New York, 2018Total New York Goods Imports from Switzerland $5.7 B

Machinery

Chemicals

Used Merchandise

Primary Metals

Computer &Electronic Products $1.4 B

$823 M

$461 M

$422 M

$162 M




38,700

13,851

27,305

79,856Total Jobs

Bucher Emhart GlassChubb (ACE)CondairCréation BaumannCredit SuisseDara Capitalde SedeDufryEgon ZehnderEmmi RothFirmenichFJD (Furrer-Jacot)FlatevFogalgategroupGFL USAGivaudan

HabasitHallmark Aviation ServicesHoffmann-La RocheHublotHydro-Air Components (Zehnder)INFICONInsensationIWC SchaffhausenJaeger-LeCoultreJakobSchlaepferKarin HerzogKistlerKuehne + NagelKuoni

La PrairieLafargeHolcimLindtLombard OdierLuxoftM-IndustryMSCMuller MartiniNagraNespressoNestlénightnurse imagesNovartisOerlikon Open SystemsPanalpinaPartners Group

PiagetPrecipartPublicitasRichemontRiriRoger DubuisRolexRotronicSchindlerSchneider FreightSefarSGSSITASIX Financial InformationSoftwareONESoudronic

STA TravelStarmindSulzerSwatchSwiss International Air LinesSwiss Post SolutionsSwiss ReSwissportSwitzerland TourismSyngentaSynpulseTAG HeuerTeuscherThe Leading Hotels of The World

TISCA TIARATraditionTriumphUBSUSMVacheron ConstantinVictorinox VitraVolpiVon RollVontobelWeledaWillemin-MacodelZkipster Zumbach ElectronicZurich

5151

37,900

5.Switzer-

land

4.France

3.Japan

2.Germany

1.United

Kingdom

31,400

25,800

20,00018,800


NORTH CAROLINA

Swiss affiliates account for 7% of the 260,400 jobs created by all foreign affiliates in North Carolina



Machinery

Chemicals

Agricultural Products

$24 M

$23 M

$7.0 M

$4.6 M

$4.0 M


Top Goods Exports by Industry from North Carolina to Switzerland, 2018Total North Carolina Goods Exports to Switzerland $86 M

3A Composites (Schweiter)ABBAlevoAscomBaltek (Schweiter)Barry CallebautBühler AeroglideCAMAG ScientificChubb (ACE)

Swiss Companies Located in North Carolina

North Carolina Residents of Swiss Descent 16,638

Top Goods Imports by Industry from Switzerland to North Carolina, 2018Total North Carolina Goods Imports from Switzerland $406 M




Machinery

Chemicals $101 M

$91 M

$77 M

$27 M

$21 M




5,682

590

25,072Total Jobs

ClariantContinental GrafixCredit SuisseDKB HouseholdDufryElement DesignsForboFRACHT FWOGeorg Fischer

GESIPA FastenersHuber + SuhnerInterrollIonbondJacob HolmJakob MuellerKabaKuehne + NagelLafargeHolcim

Lantal TextilesLeybold Optics USA (Bühler)LindtLISTLNSLonzaMaag AutomatikMax Daetwyler

NestléNovartisOerlikon Panalpinarecord (agta record)SanitizedSchaettiSchindlerSGS

sia AbrasivesSimatecSontara (Jacob Holm & Sons)SpanSetSteinemann TechnologySwiss Made Brands USA

Swiss ReSyngentaTecanTreffert CoatingsUBSUster TechnologiesWerner MathisZurich

5252

1,800

7.Switzer-

land

6.Germany

5.France

4.Japan

3.United

Kingdom

800

600500

300


NORTH DAKOTA

Swiss affiliates account for 2% of the 12,600 jobs created by all foreign affiliates in North Dakota

Electrical Equipment, Appliances & Compnents


Furniture & Fixtures


Machinery

$0.9 M

$0.8 M

$0.2 M

$0.1 M

$0.04 M


Top Goods Exports by Industry from North Dakota to Switzerland, 2018Total North Dakota Goods Exports to Switzerland $2.1 M

Chubb (ACE)LafargeHolcim

Swiss Companies Located in North Dakota

North Dakota Residents of Swiss Descent 1,580

Top Goods Imports by Industry from Switzerland to North Dakota, 2018Total North Dakota Goods Imports from Switzerland $14 M


Primary Metals

Machinery

Chemicals


$9.8 M

$3.1 M

$0.4 M

$0.2 M

$0.2 M




300

570

1

871Total Jobs

Schindler SGS Syngenta UBS Weatherford Zurich

5353

45,900

6.France

5.Switzer-

land

4.Canada

3.Germany

2.United

Kingdom

31,900

24,700

19,700 19,600


OHIO

Swiss affiliates account for 7% of the 267,500 jobs created by all foreign affiliates in Ohio

Machinery




Chemicals $195 M

$46 M

$30 M

$15 M

$14 M


Top Goods Exports by Industry from Ohio to Switzerland, 2018Total Ohio Goods Exports to Switzerland $333 M

ABBAISAAutoneumBossardChubb (ACE)Coltène/WhaledentCometDatwyler Sealing Solutions USA

Swiss Companies Located in Ohio

Ohio Residents of Swiss Descent 70,530

Top Goods Imports by Industry from Switzerland to Ohio, 2018Total Ohio Goods Imports from Switzerland $494 M



Chemicals


Machinery $155 M

$118 M

$73 M

$27 M

$21 M




7,400

1,854

28,954Total Jobs

Dentronix (Coltène Whaladent)DufryFeintoolFRACHT FWOgategroup GivaudanHaag-Streit

Hallmark Aviation ServicesHeuleHoerbigerINEOSIonbondKernKuehne + Nagel

LafargeHolcimLEMLindtLNSNestléOerlikon OmyaPanalpina

Phoenix MecanoRosenSchaerer MedicalSchaffner EMCSchindlerSchmolz + Bickenbach

SFS intecSGSSikaSITASwisslogSwissportSyngenta

UBSUnited GrindingValtronicVon RollWeidmannZurich

5454

10,000

5.Canada

4.Switzer-

land

3.Germany

2.France

1.United

Kingdom

8,800

3,900 3,6003,200


OKLAHOMA

Swiss affiliates account for 7% of the 51,800 jobs created by all foreign affiliates in Oklahoma


Chemicals



Machinery

$2.3 M

$1.8 M

$1.4 M

$1.1 M

$1.1 M


Top Goods Exports by Industry from Oklahoma to Switzerland, 2018Total Oklahoma Goods Exports to Switzerland $9.2 M

ABBACRONAndreae FiltersBernina

Swiss Companies Located in Oklahoma

Oklahoma Residents of Swiss Descent 6,245

Top Goods Imports by Industry from Switzerland to Oklahoma, 2018Total Oklahoma Goods Imports from Switzerland $38 M




Machinery


$6.7 M

$1.9 M

$1.7 M

$1.6 M




2,017

32

5,649Total Jobs

Chubb (ACE)Georg FischerHoerbigerKuehne + Nagel

LafargeHolcimNestléOerlikon

PanalpinaRussell Stover Candies (Lindt)

SchindlerSGSSulzer

SwissportSyngenta UBS

WeatherfordZurich

5555

17,000

5.Canada

4.Switzer-

land

3.Germany

2.Japan

1.United

Kingdom

9,300 8,800

5,700 5,500


OREGON

Swiss affiliates account for 9% of the 65,300 jobs created by all foreign affiliates in Oregon



Machinery


Chemicals $311 M

$24 M

$4.9 M

$2.4 M

$2.1 M

Employment Supported by Forign Affiliates, 2016

Top Goods Exports by Industry from Oregon to Switzerland, 2018Total Oregon Goods Exports to Switzerland $350 M

Chubb (ACE)DufryHoffmann-La Roche

Swiss Companies Located in Oregon

Oregon Residents of Swiss Descent 27,465

Top Goods Imports by Industry from Switzerland to Oregon, 2018Total Oregon Goods Imports from Switzerland $138 M



Machinery


Chemicals

$35 M

$25 M

$11 M

$4.3 M

$4.0 M




5,700

2,422

668

8,790Total Jobs

IonbondKuehne + NagelLonza

MBT SystemsNagraNestlé

ONSchindlerSGS

SulzerSwissport

SyngentaTeuscher

UBSZurich

5656

36,600

7.Switzer-

land

6.Canada

5.Japan

4.France

3.Germany

29,600

24,30022,700

19,800


PENNSYLVANIA

Swiss affiliates account for 7% of the 301,000 jobs created by all foreign affiliates in Pennsylvania

Machinery


Primary Metals

Used Merchandise

Chemicals $308 M

$47 M

$18 M

$16 M

$6.4 M


Top Goods Exports by Industry from Pennsylvania to Switzerland, 2018Total Pennsylvania Goods Exports to Switzerland $460 M

ABBActantACUTRONICAllied WorldArtemisAsendiaAutoneumBalTecBarry CallebautChubb (ACE)

Swiss Companies Located in Pennsylvania

Pennsylvania Residents of Swiss Descent 67,469

Top Goods Imports by Industry from Switzerland to Pennsylvania, 2018Total Pennsylvania Goods Imports from Switzerland $3.5 B


Food


Machinery

Chemicals $3.1 B

$76 M

$69 M

$48 M

$27 M




8,457

1,213

29,470Total Jobs

ConnexCredit SuisseDiatome (Anton Meyer & Co)DORMADottikon ESDufry Electron Microscopy Sciences (Anton Meyer & Co)

Elma ElectronicForboGallusGeorg FischerHabasitKomaxKuehne + NagelLafargeHolcimLife Watch

LindtLinneaLonzaMetalorMuller MartiniNespressoNestléNovartisOmya

PanalpinaQuadrantReha TechnologyRussell Stover Candies (Lindt)SchindlerSFS intecSGSSIG Combibloc

SikaSMS Concast AmericaSoftwareONESulzerSwatchSwiss ReSwissportTAG Heuer

TE ConnectivityTemenosTeuscherUBSVitraWeatherfordWeidmannZurich

5757

1,500

7.Switzer-

land

6.Germany

5.Japan

4.Canada

3.France

1,400

4,300

1,000800


RHODE ISLAND

Swiss affiliates account for 3% of the 26,500 jobs created by all foreign affiliates in Rhode Island

Primary Metals


Textile Mill Products


Machinery $1.6 M

$0.6 M

$0.6 M

$0.5 M

$0.4 M


Top Goods Exports by Industry from Rhode Island to Switzerland, 2018Total Rhode Island Goods Exports to Switzerland = $5.3 M

BerninaGurit

Swiss Companies Located in Rhode Island

Rhode Island Residents of Swiss Descent 1,253

Top Goods Imports by Industry from Switzerland to Rhode Island, 2018Total Rhode Island Goods Imports from Switzerland $37 M


Textiles & Fabrics


Machinery


$6.1 M

$3.0 M

$2.1 M

$1.4 M




800716

23

1,539Total Jobs

LafargeHolcim Leister Technologies Optrel Schindler UBS Zurich

5858

25,100

6.Switzer-

land

5.Canada

4.United

Kingdom

3.Japan

2.France

15,100

12,30010,500

7,000


SOUTH CAROLINA

Swiss affiliates account for 5% of the 140,400 jobs created by all foreign affiliates in South Carolina

Food

Paper

Machinery


Chemicals $76 M

$19 M

$4.5 M

$2.7 M

$1.6 M


Top Goods Exports by Industry from South Carolina to Switzerland, 2018Total South Carolina Goods Exports to Switzerland $109 M

ABBAeroliteAmerican Lamprecht TransportAutoneum

Swiss Companies Located in South Carolina

South Carolina Residents of Swiss Descent 8,684

Top Goods Imports by Industry from Switzerland to South Carolina, 2018Total South Carolina Goods Imports from Switzerland $262 M




Machinery

Chemicals $132 M

$55 M

$16 M

$15 M

$11 M




2,589

438

10,027Total Jobs

CAPSUGEL (Lonza)Chubb (ACE)DufryEMS-ChemieFoampartnerGraf Metallic (Rieter)

Hoffmann-La RocheIonbondKuehne + NagelLafargeHolcimMSCNestlé

Oerlikon PanalpinaRieterRussell Stover Candies (Lindt)

SanitizedSchindlerSchmolz + BickenbachSika

StäubliSukano PolymersSulzerSwiss KronoSYMTECH

SyngentaTE ConnectivityUBSZurich

5959

2,300

4.Germany

4.Switzer-

land

3.France

2.United

Kingdom

1.Canada

1,5001,400

600 600


SOUTH DAKOTA

Swiss affiliates account for 5% of the 12,100 jobs created by all foreign affiliates in South Dakota


Food

TransporationEquipment

Printed Matter &Related Products

Computer &Electronic Products $1.3 M

$0.6 M

$0.2 M

$0.1 M

$0.1 M


Top Goods Exports by Industry from South Dakota to Switzerland, 2018Total South Dakota Goods Exports to Switzerland $2.5 M

Micronas

Swiss Companies Located in South Dakota

South Dakota Residents of Swiss Descent 3,390

Top Goods Imports by Industry from Switzerland to South Dakota, 2018Total South Dakota Goods Imports from Switzerland $2.9 M


Fabricated MetalProducts


Chemicals

Machinery $0.9 M

$0.7 M

$0.6 M

$0.07 M

$0.05 M




600556

45

1,201Total Jobs

SGS Syngenta UBS Zurich

6060

19,900

7.Switzer-

land

6.Canada

5.Nether-lands

4.Germany

3.France

16,600

12,300

10,000

6,700


TENNESSEE

Swiss affiliates account for 4% of the 177,100 jobs created by all foreign affiliates in Tennessee

Machinery


Chemicals



$8.3 M

$7.6 M

$6.5 M

$6.5 M

$3.7 M


Top Goods Exports by Industry from Tennessee to Switzerland, 2018Total Tennessee Goods Exports to Switzerland $221 M

ABBBossardChubb (ACE)DufryFAES

Swiss Companies Located in Tennessee

Tennessee Residents of Swiss Descent 11,391

Top Goods by Industry from Switzerland to Tennessee, 2018Total Tennessee Goods Imports from Switzerland $980 M



Chemicals

Machinery


$152 M

$54 M

$12 M

$8.1 M




6,700

3,984

889

11,573Total Jobs

FeintoolFoamPartnerFrankegategroupKuehne + Nagel

LafargeHolcimLonzaMedactaNestléOerlikon

Omya PanalpinaRussell Stover Candies (Lindt)Schindler

SGSSikaSontara (Jacob Holm & Sons)

SulzerSwissportSyngentaTE Connectivity

UBSUster TechnologiesZurich

6161

51,300

7.Switzer-

land

6.Nether-lands

5.Germany

4.Canada

3.Japan

46,20044,500

36,00033,000


TEXAS

Swiss affiliates account for 6% of the 596,900 jobs created by all foreign affiliates in Texas


Chemicals


Petroleum &Coal Products

Oil & Gas $167 M

$116 M

$112 M

$85 M

$58 M


Top Goods Exports by Industry from Texas to Switzerland, 2018Total Texas Goods Exports to Switzerland $649 M

ABBAdeccoAkrisAlgordanzaAllied WorldAllseasAmerican Lamprecht TransportAmerican Realty InvestorsAvalon ParkBallyBaumann SpringsBaume & Mercier

Swiss Companies Located in Texas

Texas Residents of Swiss Descent 35,975

Top Goods Imports by Industry from Switzerland to Texas, 2018Total Texas Goods Imports from Switzerland $800 M



Chemicals

Machinery


$102 M

$90 M

$85 M

$43 M




33,000

16,187

2,423

51,610Total Jobs

BossardBurckhardt CompressionChubb (ACE)ClariantColibrysCotecna InspectionCredit SuisseDufryEgon ZehnderEMS Electro Medical SystemsFerrumFRACHT FWO

gategroupGeogasGeorg FischerGhirardelli (Lindt)Global ManufacturingGutor ElectronicHallmark Aviation ServicesHoerbigerHublotHug EngineeringINEOSInterstable

Jet AviationKomaxKuehne + NagelKundig InternationalLafargeHolcimLeica GeosystemsLindtLonzaMercuriaMSCNagraNespressoNestléNovartis

OerlikonPanalpinaPartners GroupPiagetPortacoolRolexRosenRussell Stover Candies (Lindt)SchindlerSchleunigerSGSSICPASika

SITASoftwareONESpectraSensors (Endress+Hauser)STMicroelectronics StraumannSulzerSwatchSwiss ReSwissportSyngentaTAG HeuerTE Connectivity

TemenosTetra PakThommenTORMAXTraditionTransoceanUBSVitolVontobelWeatherfordWeidmannZurich

6262

8,900

5.Japan

4.Switzer-

land

3.Germany

2.France

1.United

Kingdom

5,5004,900

3,700

2,600 Swiss affiliates account for 8% of the 47,800 jobs created by all foreign affiliates in Utah



Chemicals



$39 M

$7.7 M

$1.9 M

$1.7 M


UTAH


Top Goods Exports by Industry from Utah to Switzerland, 2018Total Utah Goods Exports to Switzerland $165 M

DufryKuehne + Nagel

Swiss Companies Located in Utah

Utah Residents of Swiss Descent 36,485

Top Goods Imports by Industry from Switzerland to Utah, 2018Total Utah Goods Imports from Switzerland $103 M


Machinery

Chemicals

Paper


$30 M

$26 M

$9.6 M

$8.3 M

$2.9 M




3,700

1,830

719

6,249Total Jobs

LafargeHolcimNestlé

SchindlerSGS

StadlerStat Peel

Sulzer UBS Zurich

6363

2,100

5.Nether-lands

4.Switzer-

land

3.France

1.Canada

1,200

1,000

800

1,700

2.United

Kingdom


VERMONT

Swiss affiliates account for 9% of the 11,100 jobs created by all foreign affiliates in Vermont

Food



Machinery


$2.8 M

$1.4 M

$1.3 M

$0.5 M

$0.3 M


Top Goods Exports by Industry from Vermont to Switzerland, 2018Total Vermont Goods Exports to Switzerland $8.4 M

Barry CallebautDufry

Swiss Companies Located in Vermont

Vermont Residents of Swiss Descent 1,950

Top Goods Imports by Industry from Switzerland to Vermont, 2018Total Vermont Goods Imports from Switzerland $12 M



Machinery

Chemicals


$3.9 M

$0.9 M

$0.4 M

$0.4 M




416

51

1,467Total Jobs

Lindt Omya Stöckli Outdoor Sports

UBS Weidmann Zurich

6464

14, 900

7.Switzer-

land

6.Canada

5.Nether-lands

4.Japan

3.France

14,80014,000 13,900

10,100


VIRGINIA

Swiss affiliates account for 5% of the 187,200 jobs created by all foreign affiliates in Virginia



Paper

Machinery

AgriculturalProducts $210 M

$16 M

$4.3 M

$2.7 M

$2.4 M


Top Goods Exports by Industry from Virginia to Switzerland, 2018Total Virginia Goods Exports to Switzerland $242 M

ABBArktis Radiation DetectorsAscomAsendiaBallyChubb (ACE)

Swiss Companies Located in Virginia

Virginia Residents of Swiss Descent 21,381

Top Goods Imports by Industry from Switzerland to Virginia, 2018Total Virginia Goods Imports from Switzerland $280 M





Machinery

$90 M

$57 M

$54 M

$23 M

$16 M




10,100

5,305

771

16,176Total Jobs

ClariantDufryErni ElectronicsFRACHT FWOgategroupGloster FurnitureHV Technologies

KellerKRISSKuehne + NagelLafargeHolcimLiebherrLindtNagra

NespressoNestléPanalpinaQuadrantrecord (agta record)Russell Stover Candies (Lindt)

Safran VectronixSchaffner EMCSchindlerSGSSICPASpahr Metric

SulzerSwatchSwisslogSwissportSyngentaTE Connectivity

The Swiss Bakeryu-bloxUBSUnited GrindingWorldAwareZurich

6565

17,200

6.Switzer-

land

5.France

4.Germany

3.Japan

2.Canada

15,900 15,600

9,800

5,100


WASHINGTON

Swiss affiliates account for 4% of the 115,500 jobs created by all foreign affiliates in Washington


Chemicals

Machinery



$44 M

$12 M

$7.9 M

$5.9 M


Top Goods Exports by Industry from Washington to Switzerland, 2018Total Washington Goods Exports to Switzerland $370 M

Arch Chemicals (Lonza)AsendiaBossard

Swiss Companies Located in Washington

Washington Residents of Swiss Descent 36,163

Top Goods Imports by Industry from Switzerland to Washington, 2018Total Washington Goods Imports from Switzerland $88 M

Food



Machinery

Beverages &Tobacco Products $24 M

$18 M

$9.0 M

$7.9 M

$5.1 M




5,1004,139

745

9,984Total Jobs

BucherChubb (ACE)Diacon Technologies (Lonza)

DufrygategroupKuehne + NagelLafargeHolcim

Lantal TextilesLogitechLuxoftNagra

NespressoNestléOmyaPanalpina

SchindlerSwiss ReSwissportSyngenta

ToradexUBSZurich

6666

4,000

6.Switzer-

land

4.Nether-lands

4.Germany

2.Canada

2,000 2,000

1,500

4,000

2.Japan


WEST VIRGINIA

Swiss affiliates account for 5% of the 28,900 jobs created by all foreign affiliates in West Virginia

Chemicals


Primary Metals



$2.5 M

$1.2 M

$0.9 M

$0.7 M


Top Goods Exports by Industry from West Virginia to Switzerland, 2018Total West Virginia Goods Exports to Switzerland $22 M

ABBChubb (ACE)

Swiss Companies Located in West Virginia

West Virginia Residents of Swiss Descent 3,861

Top Goods Imports by Industry from Switzerland to West Virginia, 2018Total West Virginia Goods Imports from Switzerland $13 M

Chemicals

Food

Primary Metals


Machinery

$1.8 M

$1.1 M

$0.8 M

$0.6 M

$0.3 M




1,500

920

125

2,545Total Jobs

EuropTecLafargeHolcim

NovartisOerlikon

Russell Stover Candies (Lindt)

SchindlerSGS

Sulzer Zurich

6767

15,100

4.France

4.Switzer-

land

3.Germany

2.Canada

9,8008,800 8,800

15,400

1.United

Kingdom


WISCONSIN

Swiss affiliates account for 9% of the 98,600 jobs created by all foreign affiliates in Wisconsin



Chemicals

Machinery


$9.0 M

$7.5 M

$6.5 M

$5.0 M


Top Goods Exports by Industry from Wisconsin to Switzerland, 2018Total Wisconsin Goods Exports to Switzerland $55 M

Swiss Companies Located in Wisconsin

Wisconsin Residents of Swiss Descent 55,485

Top Goods Imports by Industry from Switzerland to Wisconsin, 2018Total Wisconsin Goods Imports from Switzerland $190 M


Chemicals



Machinery $85 M

$31 M

$21 M

$19 M

$9.8 M




8,800

3,687

216

ABBArch Chemicals (Lonza)BossardChalet Landhaus InnChubb (ACE)

12,703Total Jobs

Emmi RothEsther’s European ImportsFISCHERGhirardelli (Lindt)

Hoffmann-La RocheHOPPEKuhn GroupLafargeHolcimLEM

LindtMosmaticNestléNew Glarus Hotel Restaurant

Norland at SwissrayNorthwire (Lemo)OerlikonOmyaPanalpina

SatislohSchindlerSoftwareONESyngenta

UBSWeidmannZurich

6868

4.Germany

4.Switzer-

land

2.France

2.Canada

1.United

Kingdom

1,500

300 300

600 600


WYOMING

Swiss affiliates account for 4% of the 7,300 jobs created by all foreign affiliates in Wyoming

Petroleum & Coal Products

Chemicals

Used Merchandise

Machinery


$2.1 M

$0.3 M

$0.2 M

$0.06 M


Top Goods Exports by Industry from Wyoming to Switzerland, 2018Total Wyoming Goods Exports to Switzerland $5.6 M

Hoerbiger

Swiss Companies Located in Wyoming

Wyoming Residents of Swiss Descent 2,948

Top Goods Imports by Industry from Switzerland to Wyoming, 2018Total Wyoming Goods Imports from Switzerland = $0.8 M



Chemicals

Machinery

Fabricated Metal Products $0.2 M

$0.1 M

$0.1 M

$0.04 M

$0.04 M




300319

2

621Total Jobs

SGS Sulzer Zurich

6969

APPENDIX: SWISS AFFILIATE EMPLOYMENT IN THE UNITED STATES, 2011–2016

2011–2016 2011 2012 2013 2014 2015 2016 Percent ChangeTotal 461,900 456,500 465,600 457,700 458,200 471,000 2% Alabama 3,200 3,100 3,700 3,000 2,400 2,500 -22%Alaska 300 300 400 300 300 500 67%Arizona 7,100 6,800 6,900 7,200 7,900 8,800 24%Arkansas 4,700 4,600 4,600 4,800 4,700 4,800 2%California 64,400 65,500 66,500 67,200 69,600 72,000 12%Colorado 6,500 5,600 5,800 5,600 5,600 5,800 -11%Connecticut 7,600 7,100 6,500 6,600 7,400 8,100 7%Delaware 2,700 1,800 1,900 1,700 1,700 1,300 -52%District of Columbia 1,400 1,400 1,400 1,300 1,600 1,600 14%Florida 20,900 19,100 19,700 20,300 19,600 20,000 -4%Georgia 12,300 11,800 12,000 12,700 12,900 13,400 9%Hawaii 1,000 1,200 1,000 900 800 800 -20%Idaho 1,100 1,100 1,100 1,000 1,000 900 -18%Illinois 20,500 19,800 19,900 19,400 22,000 21,700 6%Indiana 8,900 8,700 9,100 10,800 11,200 8,400 -6%Iowa 3,000 3,000 3,000 3,000 3,000 3,100 3%Kansas 6,400 6,300 6,300 6,400 6,500 6,800 6%Kentucky 5,900 6,000 5,900 6,600 6,100 6,300 7%Louisiana 4,800 4,500 4,900 3,800 3,700 3,700 -23%Maine 2,100 2,300 2,400 2,300 2,400 2,500 19%Maryland 6,900 6,600 6,700 6,800 7,700 7,600 10%Massachusetts 12,500 11,800 12,600 13,900 12,900 13,200 6%Michigan 9,100 8,900 9,000 9,400 9,600 9,900 9%Minnesota 4,600 5,000 5,000 5,300 6,300 7,300 59%Mississippi 1,500 1,900 1,900 1,700 1,700 1,800 20%Missouri 8,300 8,200 8,800 9,000 8,900 9,200 11%Montana 400 300 300 300 300 300 -25%Nebraska 2,100 2,200 2,200 2,200 2,200 2,100 0%Nevada 2,200 1,800 1,800 2,000 2,300 2,300 5%New Hampshire 2,400 2,800 3,700 3,600 2,900 4,200 75%New Jersey 34,000 34,800 34,500 32,800 28,300 31,000 -9%New Mexico 800 1,400 1,300 1,200 1,200 1,100 38%New York 38,700 36,100 39,500 38,000 38,500 38,700 0%North Carolina 19,800 19,400 19,500 20,400 18,700 18,800 -5%North Dakota 700 900 800 400 300 300 -57%Ohio 17,100 17,100 17,700 17,700 19,200 19,700 15%Oklahoma 4,500 4,600 4,700 3,600 3,500 3,600 -20%Oregon 4,200 3,900 4,000 4,500 5,300 5,700 36%Pennsylvania 19,600 19,200 18,100 18,600 19,300 19,800 1%Rhode Island 1,000 900 1,000 900 800 800 -20%South Carolina 6,700 7,000 7,000 7,200 6,900 7,000 4%South Dakota 300 400 500 500 500 600 100%Tennessee 4,300 5,800 5,500 5,600 6,300 6,700 56%Texas 43,800 42,900 41,600 35,300 32,000 33,000 -25%Utah 3,200 3,300 3,600 3,600 3,700 3,700 16%Vermont 1,500 1,200 1,100 1,100 1,000 1,000 -33%Virginia 8,600 8,400 8,800 8,400 9,400 10,100 17%Washington 3,800 3,400 3,600 3,600 5,000 5,100 34%West Virginia 1,700 1,700 1,700 1,500 1,500 1,500 -12%Wisconsin 8,100 8,500 8,800 8,600 8,500 8,800 9%Wyoming 800 900 800 300 300 300 -63%

1. South Dakota 100% 2. New Hampshire 75% 3. Alaska 67% 4. Minnesota 59% 5. Tennessee 56% 6. New Mexico 38% 7. Oregon 36% 8. Washington 34% 9. Arizona 24% 10. Mississippi 20% 11. Maine 19% 12. Virginia 17% 13. Utah 16% 14. Ohio 15% 15. District of Columbia 14% 16. California 12% 17. Missouri 11% 18. Maryland 10% 19. Georgia 9% 20. Michigan 9% 21. Wisconsin 9% 22. Kentucky 7% 23. Connecticut 7% 24. Kansas 6% 25. Illinois 6% 26. Massachusetts 6% 27. Nevada 5% 28. South Carolina 4% 29. Iowa 3% 30. Arkansas 2% 31. Pennsylvania 1% 32. Nebraska 0% 32. New York 0% 34. Florida -4% 35. North Carolina -5% 36. Indiana -6% 37. New Jersey -9% 38. Colorado -11% 39. West Virginia -12% 40. Idaho -18% 41. Hawaii -20% 41. Oklahoma -20% 41. Rhode Island -20% 44. Alabama -22% 45. Louisiana -23% 46. Texas -25% 47. Montana -25% 48. Vermont -33% 49. Delaware -52% 50. North Dakota -57% 51. Wyoming -63%

States Ranked by2011–2016 Percent Change

Note: Rankings are based on exact data.

70

APPENDIX: SWISS COMPANIES AND THEIR AFFILIATES IN THE UNITED STATES, 2019

1. California 120 2. New York 110 3. Illinois 94 4. Texas 87 5. Florida 71 6. Georgia 64 7. Pennsylvania 60 8. Massachusetts 58 8. North Carolina 58 10. Michigan 57 11. New Jersey 56 12. Ohio 49 13. Virginia 44 14. Colorado 42 15. Connecticut 41 16. South Carolina 33 17. Minnesota 32 18. Wisconsin 30 19. Tennessee 29 20. Arizona 28 20. Nevada 28 22. Indiana 26 22. Louisiana 26 24. Washington 25 25. Maryland 24 26. Alabama 23 26. District of Columbia 23 28. Kentucky 21 28. Oklahoma 21 30. Missouri 20 31. Oregon 18 32. Kansas 16 32. New Hampshire 16 34. Nebraska 14 35. Hawaii 13 35. Iowa 13 35. New Mexico 13 38. Arkansas 12 38. Delaware 12 40. Mississippi 11 40. Utah 11 40. West Virginia 11 43. Maine 8 43. North Dakota 8 43. Rhode Island 8 43. Vermont 8 47. Alaska 7 47. Idaho 7 49. Montana 6 50. South Dakota 5 51. Wyoming 4

States Ranked byNumber of Swiss Companies

Alabama 23Alaska 7Arizona 28Arkansas 12California 120Colorado 42Connecticut 41Delaware 12District of Columbia 23Florida 71Georgia 64Hawaii 13Idaho 7Illinois 94Indiana 26Iowa 13Kansas 16Kentucky 21Louisiana 26Maine 8Maryland 24Massachusetts 58Michigan 57Minnesota 32Mississippi 11Missouri 20Montana 6Nebraska 14Nevada 28New Hampshire 16New Jersey 56New Mexico 13New York 110North Carolina 58North Dakota 8Ohio 49Oklahoma 21Oregon 18Pennsylvania 60Rhode Island 8South Carolina 33South Dakota 5Tennessee 29Texas 87Utah 11Vermont 8Virginia 44Washington 25West Virginia 11Wisconsin 30Wyoming 4

Total 1621

Number of Swiss Companies per State

1. California 420 2. Texas 337 3. New York 233 4. Florida 222 5. Illinois 212 6. Massachusetts 149 7. Michigan 136 8. New Jersey 135 9. Ohio 134 10. Pennsylvania 119 11. North Carolina 110 12. Georgia 105 13. Minnesota 102 14. Colorado 99 15. Virginia 88 16. Maryland 83 17. Louisiana 76 18. Tennessee 72 19. Wisconsin 65 20. Connecticut 63 21. Arizona 62 22. Indiana 57 23. Nevada 56 24. Missouri 55 25. South Carolina 54 26. Washington 47 27. Oklahoma 36 28. Alabama 33 29. Kentucky 32 30. New Hampshire 31 31. District of Columbia 27 31. Kansas 27 33. Oregon 25 34. North Dakota 24 35. Mississippi 23 36. Arkansas 21 36. Iowa 21 36. Utah 21 39. Nebraska 18 39. West Virginia 18 41. Hawaii 17 41. Maine 17 43. New Mexico 16 44. Delaware 14 45. Vermont 12 46. Alaska 9 46. Idaho 9 46. Montana 9 46. South Dakota 9 50. Rhode Island 8 51. Wyoming 5

States Ranked byNumber of Swiss Affiliates

Alabama 33Alaska 9Arizona 62Arkansas 21California 420Colorado 99Connecticut 63Delaware 14District of Columbia 27Florida 222Georgia 105Hawaii 17Idaho 9Illinois 212Indiana 57Iowa 21Kansas 27Kentucky 32Louisiana 76Maine 17Maryland 83Massachusetts 149Michigan 136Minnesota 102Mississippi 23Missouri 55Montana 9Nebraska 18Nevada 56New Hampshire 31New Jersey 135New Mexico 16New York 233North Carolina 110North Dakota 24Ohio 134Oklahoma 36Oregon 25Pennsylvania 119Rhode Island 8South Carolina 54South Dakota 9Tennessee 72Texas 337Utah 21Vermont 12Virginia 88Washington 47West Virginia 18Wisconsin 65Wyoming 5

Total 3773

Number of Swiss Affiliates per State

Source: Swiss Business MappingNote: Company counts may differ from

the number of companies listed on state overview pages in order to keep the confidentiality of some companies.

71

METHODOLOGY

Swiss Economic Impact in the United States: Creating Jobs and Supporting the U.S. Economy is based mostly on current U.S. government data from two primary sources when Content First prepared this report in April 2019.

Data on U.S. Affiliates of Foreign Companies

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) produces comprehensive national and state data on the activities of affiliates of foreign-owned companies operat-ing in the United States. The data, widely recognized to be the world's most comprehensive and accurate, are obtained from mandatory surveys required under the authority of the International Investment and Trade in Services Survey Act (ini-tially enacted in 1976 and amended in 1948 and 1990). BEA released its more recent data for 2016 in November 2018.

BEA conducts mandatory surveys of foreign-owned U.S. affili-ates, and it also surveys the operations of U.S. multinational firms. The results provide detailed information on a variety of financial and economic indicators, including employment, trade in goods and services, sales, and R&D expenditures. The national and state statistics in this report cover U.S. affiliates that are majority-owned by foreign parent companies (e.g., Swiss companies). A majority-owned foreign affiliate is a U.S. affiliate that is unambiguously under foreign control, which is more than 50 percent owned by foreign investors.

For each subsidiary, BEA requests information on both the for-eign parent (i.e., the foreign business that undertakes the foreign direct investment) and the ultimate beneficial owner (UBO). An affiliate’s UBO is defined to be that person, proceeding up the affiliate's ownership chain, beginning with and including the for-eign parent, that is not owned more than 50 percent by another person. The UBO of each U.S. affiliate is identified to ascertain the person who ultimately controls the U.S. affiliate and who therefore ultimately derives the benefits from ownership or con-trol. In many instances, the foreign parent and the UBO are the same entity.

Foreign Direct InvestmentIn this report, foreign direct investment in the United States is shown on an historical-cost basis through 2018, the latest avail-able statistics at the time of publication in October 2019, or cost at time of investment. The United States defines FDIUS (inward investment) as the ownership or control, directly or indirectly, by one foreign entity of a 10 percent or more ownership share of an incorporated or unincorporated U.S. business enterprise.

Swiss Direct Investment Abroad

Statistics on Swiss direct investment abroad were collected by the Embassy of Switzerland from the Swiss National Bank and the Organisation for Economic Co-operation and Development. Data are shown on a cumulative, book value (or historical-cost) basis.

72

METHODOLOGY

Swiss Companies and Their Affiliates The Embassy of Switzerland provided statistics on the names and number of Swiss companies and their affiliates in the United States using its Swiss Business Mapping database.

Data on Merchandise and Services Trade

The U.S. Census Bureau publishes comprehensive trade data. BEA performs that function for exports and imports of services. Statistics on goods exports and imports, nationally and by state, are the latest full-year trade statistics from the Department of Commerce at the time of publication. These statistics are report-ed on a Census basis. USA Trade Online is the source of data on goods trade for individual countries, trade or economic groups, geographic regions, and states. Trade data were downloaded in April 2019 and may differ slightly from later revisions.

Services exports through cross-border trade and services sup-plied to customers overseas through foreign affiliates of U.S. companies are from BEA’s October 2018 Survey of Current Business.

Total Jobs Supported by Swiss Trade and InvestmentTotal jobs supported by Swiss trade and investment in the United States is the sum of three components:

(1) Jobs supported by Swiss affiliates in the United States as reported by BEA in its annual report on the activities of affili-ates of foreign-owned companies in the United States;

(2) Jobs supported by goods exports as calculated from Jobs Supported by Export Destination, a U.S. Department of Commerce study that estimated 72,745 U.S. jobs were sup-ported by goods exports to Switzerland. This estimate is preliminary. Each state’s percentage of total merchandise exports to Switzerland are used to apportion those jobs; and

(3) Jobs supported by services exports as based on the same U.S. Department of Commerce study that shows 198,595 U.S. jobs were supported by services exports to Switzerland. State employment supported by services exports is esti-mated using the share of services workers in each state. State services employment data are from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages.

Swiss Ancestry

Statistics on Swiss ancestry are from the United States Census Bureau’s 2013–2017 American Community Survey (ACS) five-year estimate.

73

SWISS BUSINESS HUB USA

The Swiss Business Hub USA (SBH USA) is the U.S.-based representative of the official international trade and investment promotion agency Switzerland Global Enterprise (S-GE). A part of the Embassy of Switzerland in the U.S., it is responsible for implementing Swiss export strategies in the U.S. and for promoting Switzerland as a business location.

About Us

We support small and medium-sized enterprises from Switzerland and Liechtenstein expanding their market presence in the U.S. We also provide free advice to U.S. companies looking to create a subsidiary or establish partnerships in Switzerland.

As part of the Embassy of Switzerland and with close relationships with Swiss business and academic stakeholders, the SBH USA can draw on selected networks in both Switzerland and the U.S. With a client-centered attitude and the flexibility to offer tailor-made services, the SBH USA is uniquely positioned to meet and support your business requirements.

Specific Areas of Expertise

The SBH USA provides support to most industries. We have nevertheless identified specific areas of interest. These include, but are not limited to, life sciences, ICT, fintech, food and beverage, FMCG, MEM as well as cleantech.

Switzerland Global Enterprise

S-GE works all over the world to support entrepreneurs and promote Switzerland as a business location. S-GE is represented abroad by the Swiss Business Hubs. The majority of these local teams are based at a Swiss Embassy or Swiss Consulate General.

The Swiss Business Hub is the key contact point for Swiss and Liechtenstein small and medium-sized enterprises (SMEs) looking for export opportunities in the U.S. market.

The Hub’s services include: › Market information and support › Detailed market and product analysis › Search for distributors, local representatives and partners and support for the establishment of communication channels

› B2B / B2C sales pipeline development › Individual consulting and coaching of SMEs › Site location evaluation › Organization of events and fact-finding missions for Swiss companies, associations and official delegations

The Swiss Business Hub proactively contacts and informs U.S.-based companies about the key advantages of Switzerland as a business and investment location. In close collaboration with cantonal and regional business promotion agencies in Switzerland as well as private-sector partners, the Hub supports foreign investors with the following services:

› Communicating Switzerland’s unique selling points that relate to their business and industry

› Facilitating contact to regional and cantonal eco-nomic development agencies

› Connecting with research centers and universities › Meeting legal and administrative requirements › Obtaining work and residence permits › Defining the ideal corporate structure and explain-ing the Swiss tax system

All Swiss Business Hubs have a first-rate network of contacts both in the host country and in Switzerland and are part of a Swiss Embassy or Consulate General.

Export Promotion Are you interested in exporting your prod-ucts to the U.S.?

More informations-ge.com/export

Investment Promotion Are you interested in expanding your busi-ness to Switzerland?

More informations-ge.com/invest

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http://s-ge.com/export

http://s-ge.com/usa/invest

Swiss Business Hub USA633 Third Avenue | 30th Floor New York | NY 10017

Caroline BlaserHead SBH USA [email protected]+1 917 289 9907

Stewart TipsonHead of Export Promotion [email protected]+1 917 289 9928

Daniel Bangser Deputy Head Investment [email protected]+1 917 289 9932

Lisette MüryOffice [email protected]+1 917 289 9877

San Francisco OfficePier 17 | Suite 600 San Francisco | CA 94104

Christoph Besmer Head of Investment [email protected]+1 917 289 9950

Karine WittmerTrade [email protected]+1 917 289 9939

Lina RohrbachTrade [email protected]+1 917 289 9925

Los Angeles Office

Christoph Besmer Head of Investment [email protected]+1 917 289 9950

Atlanta OfficeTwo Midtown Plaza | 1349 W. Peachtree Street | Suite 1000 Atlanta | GA 30309

Kimberly Shulman Trade [email protected]+1 917 289 9973

Boston Office420 Broadway Cambridge | MA 02138

Sean PowersInvestment [email protected]+1 917 244 8368

SWISS BUSINESS HUB USA

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Published byEmbassy of Switzerland in the United States of America2900 Cathedral Avenue, N.W., Washington, D.C. [email protected]

AcknowledgmentsThe Embassy of Switzerland would like to thank the Swiss Business Hub USA for its support and all the Swiss companies that contributed information to this report.

Statistical Research and ReportingContent First LLC, Washington, D.C. [email protected]

Design and LayoutVisual Communication FDFA, Bern, SwitzerlandEmbassy of Switzerland, Washington, D.C.Content First LLC, Washington, D.C.

PrintingGabro Printing & Graphics, Virginia

This report is available at www.swissemb.org

Washington, D.C., January 2020

switzerland's economic impact in the united states

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